Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /www/wwwroot/aa.com.vn/wp-includes/functions.php on line 6114
IFRS 17 - American Auditing

IFRS 17: Insurance contracts

The IASB finished its long-standing project on insurance contracts accounting and published IFRS 17, ‘Insurance contracts’ on 18 May 2017 to replace IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features.

The standard applies to annual periods beginning on or after 1 January 2021(*), with earlier application permitted if IFRS 15, ‘Revenue from contracts with customers’ and IFRS 9, ‘Financial instruments’ are also applied.

(*) The effective date was tentatively decided by IASB to be delayed for one year until 1 January 2022.

Get in touch

    By submitting your personal information, you acknowledge that you have read the Privacy Statement and that you consent to our processing of your data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive information from us, you can send us an email using the Contact Us page.

    Follow us
    American Auditing Vietnam
    © 2017 - 2024 American Auditing