New insurance standard must already be applied
22 March 2023
Edyta Kalińska,
Head of Audit Department, West Region, Polish Certified Auditor |
The new International Financial Reporting Standard 17 “Insurance Contracts”, which replaced the previous IFRS 4, has been in effect since January 2023. To implement the standard, insurance companies will need to adapt their reporting and control systems to the new requirements.
More information is available in the BDO Audit Alert.