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November 21, 2019, To:Federally Regulated Insurers and Insurance Holding CompaniesSubject: Consultation on Draft IFRS 17 Regulatory Forms and Instructions for Federally Regulated Insurers The legislation
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Step 1: Read through the draft IFRS carefully to understand the proposed changes and their implications.
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Consultation on draft IFRS is a process for stakeholders to provide feedback on proposed changes or updates to International Financial Reporting Standards.
Any organization or individual who is affected by the proposed changes to IFRS may be required to file consultation on draft IFRS.
Consultation on draft IFRS can typically be filled out online through a designated platform provided by the standard-setting body.
The purpose of consultation on draft IFRS is to gather input and feedback from stakeholders to improve the quality and relevance of International Financial Reporting Standards.
The information required to be reported on consultation on draft IFRS may include specific comments on the proposed changes, potential impacts on financial reporting, and suggestions for improvement.
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