After announcing a proposed one-year deferral of the effective date for Targeted Improvements to the Accounting for Long Duration Contracts (LDTI) in June, FASB is expected to issue the final amendment soon to ratify the decision. This will push...
By now, public companies have adopted the new lease accounting standards, IFRS 16 and ASC 842, as required on January 1, 2019.
COVID-19 has brought back into the foreground a long-debated topic: where should acquisitive organizations draw the line in integrating the newly acquired organization? Should it just integrate at the product and business level, or extend into...
With the world moving to a Software as a Service (SaaS) based model for applications used across business units, it’s interesting to look at why we are seeing insurers opt for a public/private cloud or on-premise deployment for IFRS 17...
Once again, the International Accounting Standards Board (IASB) has decided to defer the effective date of the IFRS 17 standard to annual reporting periods beginning on or after 1 January 2023. The Board also decided to extend the exemption...
This is the third in a series of three blog posts which looks at how a digital finance transformation enables a future-ready finance department - one that can use data, technology and human talent to go beyond governance to provide commercial...
Recently, we participated in the IFRS 17 event hosted by InsuranceERM. The conference was well attended with over 120 senior finance leaders present. It drew speakers from major insurers across Europe including Allianz, AIG, and Ageas Group as...
This is the second in a series of three blog posts which looks at how a digital finance transformation enables a future-ready finance department - one that can use data, technology and human talent to go beyond governance to provide commercial...
Call it the age of the consumer experience. The way we engage with our banks has transformed, the way we buy our cars has been upended, the way we shop has done a 180 – it was only a matter of time before consumers demanded changes to the...
This is the first in a series of three blog posts which looks at how a digital finance transformation enables a future-ready finance department - one that can use data, technology and human talent to go beyond governance to provide commercial...
