EFRAG publishes its Final Letter on IFRIC’s Tentative Agenda Decision in the final phase of implementing IFRS 17

EFRAG has published its Final Letter on IFRIC’s Tentative Agenda Decision (TAD) in the final phase of implementing IFRS 17 Insurance Contracts.

In the Final Letter, EFRAG has reported concerns heard from its constituents that the TAD and other interpretation issues that may arise less than one year before the date of first application of IFRS 17 would unduly disrupt the implementation of the Standard. EFRAG has further observed that an Agenda Decision may have a potential impact on implementation at this stage.

The Final Letter may be accessed here.