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June 2020

IASB issues limited scope amendments to IFRS 17

    Accountancy Daily, published by Croner-i Ltd | June 29, 2020

    The International Accounting Standards Board (IASB) has issued amendments to IFRS 17, Insurance Contracts, including a two-year deferral of the start date, to address concerns and implementation challenges identified following its introduction in May 2017

    The amendments are effective for annual periods beginning on or after 1 January 2023 with earlier application permitted.Read More »IASB issues limited scope amendments to IFRS 17

    FASB OKs two standards and delays insurance standard amid coronavirus

      By Michael Cohn | AccountingToday.com | June 10, 2020

      The Financial Accounting Standards Board approved Wednesday a pair of new accounting standards for convertible instruments and nonprofit gifts-in-kind, while also voting to defer the effective date of its long-duration insurance standard because of the COVID-19 pandemic, during the final meeting in FASB chairman Russell Golden’s term.

      Read More »FASB OKs two standards and delays insurance standard amid coronavirus