UK accounting body expects a ‘lot of noise’ from insurers on IFRS 17: Reuters
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UK accounting body expects a ‘lot of noise’ from insurers on IFRS 17: Reuters

Samuel Casey
15 October 2021
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A new UK accounting body, set up after Brexit to adopt new international accounting standards for UK firms, is expecting a “lot of noise” from insurers as the IFRS 17 accounting rules are implemented, according to a Reuters report.

Pauline Wallace, chair of the UK Endorsement Board, told the news agency that the body will consult in November on the rules, which are due to be implemented globally from January 2023.

IFRS

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News Regulation Re/insurers
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Samuel Casey
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