IASB published an updated work plan, along with the update of its meeting in May 2019. The update on the IASB meeting highlights preliminary decisions of the Board.
At the meeting, IASB received an update on the Transition Resource Group for IFRS 17 on Insurance Contracts (TRG) meeting, which was held in April 2019. IASB discussed technical issues to be considered before finalizing the exposure draft of proposed amendments to IFRS 17. The staff expects that exposure draft will be published at the end of June 2019 with a comment period of 90 days. Other key topics discussed at the May meeting included implementation matters, primary financial statements, review of the IFRS for small and medium-size entities (SMEs) standard, rate-regulated activities, and goodwill and impairment.
Keywords: International, Insurance, Accounting, IFRS 17, Work Plan, Insurance Contracts, Transition Resource Group, IASB
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APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
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