Editorial


The past month has seen the IASB decide to defer the application date of its new insurance standard, IFRS 17, and as a consequence of that, to amend the existing insurance standard, IFRS 4, to permit certain insurers to further defer their first-time application of IFRS 9, Financial Instruments. The deferrals will give the Board time to consider whether to amend IFRS 17 to take account of the concerns expressed by the industry. In the coming months, the Board will give priority to this work which they will want to finish as quickly as possible.