FRC UK publishes thematic review on IFRS 17 Interim Disclosures in the First Year of Application
FRC UK publishes thematic review on IFRS 17 Interim Disclosures in the First Year of Application
Financial Reporting Council (UK) has published a thematic review on IFRS 17 ‘Insurance Contracts’ Interim Disclosures in the First Year of Application.
The report provides examples of good quality application of the disclosure requirements.
The report also identifies the following key areas for improvement:
The report provides examples of good quality application of the disclosure requirements.
The report also identifies the following key areas for improvement:
- High quality disclosures in respect of complex or subjective areas
- Company-specific accounting policies
- Detailed disclosure of significant judgements and estimates
- Explanation of transition approach adopted.