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Insurance Accounting Alert - IASB meeting (IFRS 17) June 2019
The IASB issued an exposure draft proposing amendments to IFRS 17 in response to stakeholders’ concerns and implementation challenges.
In the ED, 12 amendments are proposed to eight areas of IFRS 17 Insurance Contracts:
- The ED also contains several minor amendments to clarify wording or correct unintended consequences or oversights
- The 90-day comment period to respond to the ED ends on 25 September 2019