IFR Bulletin 10 | 2020
01 July 2020
IFR Bulletins focus on the latest developments in international financial reporting.
In this issue:
IASB Issues Amendments to IFRS 17, Insurance Contracts
Clarifications of and modification to the requirements of IFRS 17: The following issue summarises the major changes to IFRS 17, however, it does not include every amendment made. Included in these amendments is the deferral of the effective date of IFRS 17 to 1 January 2023, two years later than the original effective date. To coincide with this timing, the mandatory effective date for entities that have elected to defer IFRS 9 has been extended to 1 January 2023 as well.