Par The Zimbabwe Independent
Tinashe Mashoko
Something big is happening in the world of insurance company reporting. International Financial Reporting Standard (IFRS) 17 is a complex new reporting standard that has been in the making for the last 20 years. The standard is an overhaul of the current IFRS 4 and comes into effect in two years’ time.
IFRS 17 provides greater value to users of insurance company financial statements and their stakeholders. These include insurance company management, their shareholders and potenti...
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