Proposed Taxonomy Update and comment letters—IFRS Taxonomy 2016 - Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)

 

This proposed IFRS Taxonomy Update results from the publication of Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) by the International Accounting Standards Board (the Board) in September 2016.

The Board issued the Amendments to IFRS 4 Insurance Contracts to address concerns arising from the different effective dates of IFRS 9 Financial Instruments and the forthcoming insurance contracts Standard. Both Standards are expected to result in major accounting changes for most insurers and some interested parties expressed concern that there could be undesirable consequences, such as additional accounting mismatches and volatility in profit or loss, when IFRS 9 is applied before the forthcoming insurance contracts Standard. The Board agreed that these concerns should be addressed.

Comments were received by 15 November 2016

 


 

Comment letters are public and all comment letters received on the due process document can be accessed below.

If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.

ID Submitter

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