The goal of the International Financial Reporting Standard (IFRS) is to provide a global framework for how organisations should prepare and disclose their financial statements. It forms a control to ...

The nation’s insurance industry has learned valuable lessons from the implementation of International Financial Reporting Standard (IFRS) 17 and its efforts to meet regulatory deadlines. These ...

Leadway Assurance Company Limited has said that investors as well as shareholders of insurance companies are set to experience a rebranded sector following the adoption of International Financial ...

Effective January 1, 2023, insurance companies entered a new financial reporting standard known as International Financial Reporting Standard 17 (IFRS 17). Fundamentally, the standard changes ...

It has been over a year now since IFRS 17 was published. It replaces an interim standard (IFRS 4 – Insurance Contracts) which has been in place for over a decade, which allowed companies to use a wide ...

Public sector organisations are being advised to reassess their contracts to determine whether they fall within the scope of IFRS 17, the international accounting standard for insurance contracts, ...

The introduction of IFRS 17 accounting standards in the insurance industry has necessitated changes to AM Best’s annual ranking of top reinsurance groups for 2023. According to the report, this shift ...

ZIMBABWE's accounting professionals have warned that insurance product pricing and business models may change with the adoption of International Financial Reporting Standard (IFRS 17), a global ...

New accounting standards could complicate estate planning. The headaches International Financial Reporting Standards have created for accountants will pale in comparison to the impact it will have on ...