News May 2018 Opportunity to contribute to the European assessment of IFRS 17

Opportunity to contribute to the European assessment of IFRS 17

11 May 2018
The European Financial Reporting Advisory Group (EFRAG) has commissioned research on the expected economic impact of IFRS 17 Insurance Contracts and is seeking views from a wide range of interested parties.

The data is collected through a web-based questionnaire. Full anonymity is guaranteed and all answers will be analysed at an aggregated level. The questionnaire can be found on EFRAG’s website and will close on Thursday 31 May 2018.

IFRS 17 was issued to replace the interim Standard IFRS 4 Insurance Contracts. EFRAG provides advice to the European Commission on the endorsement of new IFRSs based on evidence it gathers from European constituents.

The FRC encourages UK constituents to respond to this important research.
 

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