On 26 June 2019, the International Accounting Standards Board (Board) proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation. The aim of the amendments is to continue supporting implementation by reducing the costs of implementing the Standard and making it easier for companies to explain their results when they apply the Standard.
To supplement the consultation, the Board will organise stakeholder events around the world. Some events will be organised in conjunction with national standard-setters. The purpose of the events is to listen to the views of, and obtain information from, stakeholders about the proposed amendments to IFRS 17.