United States

First Impressions: Amendments to IFRS 4

Oct 03, 2016
From the Financial Reporting View and the KPMG Institutes

KPMG’s ISG recently issued First Impressions: Amendments to IFRS 4 to discuss the possible effects on insurers of different effective dates for IFRS 9, Financial Instruments, and the forthcoming insurance contracts standard. The IASB amended IFRS 4, Insurance Contracts, to reduce the potential effect of the temporary accounting mismatches and volatility, and the increased costs and complexity that might arise from different effective dates. KPMG’s ISG published a Web article to provide a high-level overview of the issue, and continues to report about significant developments related to the forthcoming insurance contracts standard on the IFRS – Insurance hot topics page.

Read KPMG ISG's First Impressions: Amendments to IFRS 4