IFRS 17 – Insurance Contracts
Summary of standard – The East African Edition
An executive summary of the International Financial Reporting Standard for Insurance Contracts, (IFRS17) with the background of IFRS 17, its scope, an overview of the new accounting model and the level of aggregation that the new standard will require insurers to undertake.
Innovation in audit takes the analytics, AI route
Audit analytics, cognitive technologies to set accountants free from grunt work
The advent of audit analytics and cognitive technology does not mean the end of human auditors. It means an end to painstaking checking and crossfooting of debit and credit entries and the beginning of auditing careers that thrive on understanding, monitoring, and improving analytical and cognitive systems.