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Insurance Accounting Alert - IASB meeting (November 2019)
At the November meeting, the IASB agreed a re-deliberation plan for amendments to IFRS 17 Insurance Contracts.
The International Accounting Standards Board (IASB or the Board) considered a summary of feedback from the comment letters submitted to the IASB in response to the Exposure Draft Amendments to IFRS 17 Insurance Contracts (the ED) that was issued in June 2019. The Board considered responses to the questions it asked in the ED and also considered comments from stakeholders on topics for which it does not propose any amendments in the ED. No technical decisions were made, but the Board agreed to a re-deliberation plan for the proposed amendments to IFRS 17.