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The International Accounting Standards Board (IASB) has substantially completed the development of the model for non-participating contracts under IFRS 4. However, issues relating to its model for insurance contracts with participating features have yet to be resolved.
The coming months will be key to resolving the remaining issues in order for a standard to be issued. This webcast provides an update on progress and a discussion about the key outstanding questions.
This webcast discussed:
• Timelines for completion and interaction with IFRS 9
• IASB model – main tentative decisions to date and key issues for remaining re-deliberations,
• Participating contracts – what is the issue, what proposals are being considered, and how will questions be resolved?
• The road ahead
Link for access the webcast replay: http://www.ey.com/GL/en/Issues/webcast_2015-06-18-1400_ifrs-4-insurance-contracts