The 5 Ws and H of IFRS 17 (Part 2)

Previously, we talked about the 5 Ws of IFRS 17. This blog post (Part 2) will discuss the H: How does IFRS 17 replace IFRS 4? A Consistent Model Figure 1: The components that make up IFRS 17 insurance contract liabilities.[1] IFRS 17 introduces the General Measurement...

The 5 Ws and H of IFRS 17 (Part 1)

International Financial Reporting Standards (IFRS) 17 Insurance Contracts, issued in 2017, represents a major overhaul on financial reporting for insurance companies. However, many in the financial industry are still unfamiliar with the Standards. This blog post, Part...

Avoiding Bureaucratic Phrasing

Employees developed plans during the course of the project in order to create a standardized process with respect to regulation guidelines. Did you understand that sentence reading through the first time? The sentence is filled with bureaucratic phrasing which makes...