Welcome to IFRS Newsletter – a newsletter that offers a summary of certain developments in International Financial Reporting Standards (IFRS) along with insights into topical issues.
We begin this third edition of the year by looking at the publication of IFRS 17 Insurance Contracts. After twenty years in the making, this new standard will have an impact on entities’ data, technology solutions and investor relations as well as their financial reporting.
We then move on to look at new proposals published by the International Accounting Standards Board (IASB), including proposed amendments to IAS 16 Property, Plant and Equipment. Further on in the newsletter, you will find IFRS related news at Grant Thornton and a general round-up of financial reporting developments. We finish with a summary of the implementation dates of newer standards that are not yet mandatory, and a list of IASB publications that are out for comment.