A Transformation in Progress: Perspectives and approaches to IFRS 17
The International Financial Reporting Standard 17 (IFRS 17) is due to go live on 1st January 2021. This standard represents the most significant change in financial reporting for decades, placing greater demand on legacy, accounting and actuarial systems.
IFRS 17 will fundamentally change the face of profit and loss reporting. It will also introduce a new set of key performance indicators (KPI’s), and change the way that base dividend or gross payments are calculated.
This white paper analyses the findings from a recent SAS research survey and provides guidance on how organisations might best achieve compliance. It further provides a subjective, data-driven view of IFRS 17 along with valuable market context for professionals who are developing their own strategies for tackling the new standard.