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In the dynamic landscape of global accounting standards, IFRS 17 stands out as a significant and transformative regulation in the insurance industry.  The transition from IFRS 4 to IFRS 17 was designed to revolutionise the way insurance contracts are accounted for and reported on. IFRS 17 introduces a unified framework that aims to enhance transparency, comparability, and financial stability across the insurance sector.

Auditors of entities applying IFRS 17 must consider the unique risks introduced by the standard that need to be responded to by audit procedures. Audit procedures may involve evaluation of estimates, making use of management and auditor experts, and testing manual and automated controls.

Whether you are a seasoned professional seeking to deepen your knowledge or a newcomer navigating the complexities of insurance accounting, this course is tailored to cater to diverse learning needs. This course will give participants a comprehensive understanding on the basics of IFRS 17. We will also discuss audit objectives, audit risks and audit procedures of key components.

Content and outline:
To give an overview of IFRS 17 and related audit procedures, and explain the following concepts and demonstrate their practical application:
•    Level of aggregation
•    Recognition
•    Premium Allocation Method
•    Initial Measurement
•    Subsequent Measurement
•    Modification
•    Derecognition

Upon completion of the course, the participants will receive a verifiable attendance certificate.


Are you booking as an individual or as a firm?(required)

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