When will IFRS 17 take effect? It comes into force in 2021, and for the world’s insurance companies it’s the biggest change in accounting standards in perhaps 20 years. For companies moving to IFRS 17 ...
Over the past year, Canada’s P&C insurance industry has been reporting its financial results using the new IFRS-17 accounting standards. The outcome recalls the biblical story of the Tower of Babel.
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