Insurance Accounting Alert - IASB meeting (IFRS 4, IFRS 9) (April 2016)

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EY Global CRS

30 Apr 2016 PDF
Categories Insurance

The IASB decides to broaden eligibility for the temporary exemption from IFRS 9 Financial Instruments.

During the April 2016 meeting, the International Accounting Standards Board continued its redeliberations on proposed amendments to IFRS 4 Insurance Contracts to allow entities issuing contracts within the scope of IFRS 4 to mitigate certain effects of applying IFRS 9 Financial Instruments together with IFRS 4 before the new insurance contracts standard (IFRS 4 Phase II) becomes effective.  

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