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Insurance IFRS Seminar December 2, 2016 Darryl Wagner Session 36
The Road Forward Insurance IFRS Seminar December 2, 2016 Darryl Wagner Session 36
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Re-deliberations completed by IASB
What comes next? Re-deliberations completed by IASB Final IASB standard targeted for Q1 2017 Further field testing Implementation Convergence of practice
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Implications Changes in processes and systems Organizational re-design
Communication challenges Learning and development Global experience sharing vital Others?
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Get up to speed on proposed/final standard
Suggested next steps Get up to speed on proposed/final standard Analyze the impact on your business Prepare for people/process changes Develop and execute implementation plan Begin using the new language Stay connected
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IASB website (http://www.ifrs.org)
Resources IASB website ( IAA monographs ( Discount Rate in Financial Reporting Stochastic Modeling Risk Adjustment (coming soon)
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Thank You
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