The date for IFRS 17 compliance is growing rapidly closer and several important lessons have been learned about effective implementation of the new insurance industry financial reporting standard.
Systemorph IFRS 17 expert Othmar Stehlik explains four of these important implementation lessons in a new series entry on the Systemorph IFRS 17 compliance information page.
The article focuses on dealing with complexity, maintaining flexibility in the reporting process, and adapting staff roles to the new requirements, among other topics.
IFRS 17 is the new international standard for insurance industry financial reporting. The articles on the Systemorph IFRS 17 compliance information page highlight lessons learned and practical implementation advice.