Should you apply IFRS 17?

The accountancy profession is abuzz with the approaching effective date of IFRS 17, which is 12 months away. At this point, many insurers around the world have initiated the implementation process for the standard, with some having already achieved full compliance with the new standard.With the focus mostly being on insurance companies it’s easy to overlook the fact that in Zimbabwe, IFRS 17 may also apply to some companies that are currently not being regulated by the Insurance and Pensions Commission (IPEC). Read more: https://www.tas.co.zw/wp-content/uploads/2022/01/Should-you-apply-IFRS-17-1.pdf