Stakeholders may make us aware of implementation questions relating to AASB 17. Implementation questions should meet the following criteria:
|1.||must be related to, or arise from, AASB 17|
|2.||may result in possible diversity in practice|
|3.||are expected to be pervasive, i.e. relevant to a wide group of stakeholders|
Any questions submitted should include a detailed description of the possible ways in which AASB 17 could be applied.
AASB staff will evaluate each submission to assess whether and what type of support might be needed. This support may be the inclusion of the topic on the TRG agenda for discussion at a TRG meeting.
IFRS 17 – the first truly international IFRS Standard for insurance contracts, presented by Sue Lloyd, Vice-Chair, International Accounting Standards Board.