SOCPA Adopts IASB’s Amendments to IFRS 4

SOCPA Adopts IASB’s Amendments to IFRS 4

SOCPA Approves IASB’s Amendments on IFRS 4 SOCPA, represented by its Accounting Standards Committee approved IASB’s amendments to IFSR 4 "Insurance Contracts", whereby it extended the temporary exemption granted to insurance companies from the application of IFRS 9, and extended that exemption in concert with the extension of the date of the initial application of the new insurance standard (IFRS 17 “Insurance Contracts”).

These amendments can be viewed by clicking here.