Preparing the Market for IFRS 17.
The forthcoming exposure draft (ED) of the amendments to IFRS 17 Insurance Contracts, due in late June, will have a comment period of 90 days – this is shorter than the usual 120-day comment period for an ED. The International Accounting Standards Board (the Board) made this decision at its May 2019 meeting and also proposed three amendments and clarifications addressing sweep issues.
The Board tentatively decided to:
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