AASB Research Report 18 AASB 17 Insurance Contracts Presentation, Disclosure, Transition and Other Accounting Policy Decisions: A Survey on Australian Insurance Entities

Thursday, March 30, 2023

AASB Research Report 18 provides findings on how some insurers plan to apply AASB 17 Insurance Contracts. This information will be useful for the post-implementation review of the standard.

The key findings include:

The findings demonstrate that the principle-based standard provides preparers with the necessary flexibility to determine how relevant information should be presented to meet user needs.

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