IFRS 17 Gap Analysis and Financial Impact Assessment
Our company provides specialized services to help clients understand the financial impact of the transition from International Financial Reporting Standard 4 (IFRS 4) to IFRS 17. This involves conducting a detailed analysis of the differences between the two standards, and identifying the sources of impact on a company's financial statements. IFRS 4 is the current standard for the recognition, measurement, presentation, and disclosure of insurance contracts, while IFRS 17 is the new standard starting from 2015. The transition from IFRS 4 to IFRS 17 involves significant changes to the way that insurance contracts are accounted for, and can have a significant impact on a company's financial statements. Our team of experts has the knowledge and experience necessary to help clients understand the financial impact of the transition, and to identify the sources of impact on their financial statements. We work closely with our clients to understand their specific needs and objectives, and provide tailored guidance and support to help them navigate the transition to IFRS 17. Our goal is to help our clients understand the financial implications of the transition and make informed decisions about their financial planning and risk management strategies.