09/09/2022 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of the Amendments to IFRS 17: Initial Application of IFRS 17 and IFRS 9 – Comparative Information is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing he Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 – Comparative Information. The Amendments are effective on initial application of IFRS 17.
The narrow-scope Amendment addresses an important issue related to accounting mismatches between insurance contract liabilities and financial assets arising in the comparative information presented on initial application of IFRS 17 and IFRS 9 Financial Instruments. The Amendment relates only to the presentation of comparative information.
Link to the publication in the Official Journal of the European Union.
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.
The narrow-scope Amendment addresses an important issue related to accounting mismatches between insurance contract liabilities and financial assets arising in the comparative information presented on initial application of IFRS 17 and IFRS 9 Financial Instruments. The Amendment relates only to the presentation of comparative information.
Link to the publication in the Official Journal of the European Union.
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.
