Are you ready for an AASB 17 external audit?

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Are you ready for an AASB 17 external audit?

The adoption date of the new financial reporting standard for insurance contracts (AASB 17) is drawing near. As insurers start entering the home stretch, we expect to see engagement with external audit ramp up significantly. Management need to take steps to ensure that documentation and evidence of implementation and transition activities, as well as new processes and controls to address new risks and changes to financial reporting stand up to external audit scrutiny.

Published: July 2022

Are you ready for an AASB 17 external audit?
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