EFRAG Endorsement Status Report updated for amendments to IFRS 17
16 September 2022
EFRAG has updated its Endorsement Status Report for the endorsement by the European Commission of the Amendments to IFRS 17: Initial Application of IFRS 17 and IFRS 9 – Comparative Information.
The amendments permit an entity to use an ‘overlay’ approach when transitioning to IFRS 17 and 9 at the same time, which may result in more consistent information being presented in the comparative periods relating to financial assets held by an insurance company.
The updated Endorsement Status Report may be accessed here.