IFRS 17 effective date
One year deferral or not?
IFRS 17 effective date: one year deferral proposed
The IASB voted today 14 November 2018 to publish an exposure draft that will propose the amendment of IFRS 17 effective date by adding one year to the current 1 January 2021 date.
They also voted to propose the extension of the deferral of IFRS 9 for insurance companies by an extra year.
This decision, if approved after being exposed for comments, would give an extra 12 months to implement the two regulations.