In ihrer Juli-Sitzung setzte die EFRAG TEG die Beratungen zum Draft Endorsement Advice (DEA) für IFRS 17 fort.
Ziel des Juli Meetings war die Erörterung der Analyseergebnisse zu Covid-19 Auswirkungen auf IFRS 17 und zur Prüfbarkeit von IFRS 17 zwecks Einbeziehung in den DEA. Den Mitgliedern der EFRAG TEG wurde ferner die aktualisierte Fassung des Abschnitts über die Prozyklizität von IFRS 17 vorgelegt.
- Covid-19-Auswirkungen i.Z.m. IFRS 17 (Link to Agenda paper 04-02)
Seitens EFRAG TEG bestehen Bedenken und damit zusammenhängende Fragen um Covid-19, die in den DEA von IFRS 17 aufgenommen werden sollen. Hierzu wurde bei der Bearbeitung des DEA eine high-level Analyse zu den Auswirkungen von Covid-19 auf die Implementierung von IFRS 17 und IFRS 9 vorgenommen, aus welcher folgende Zwischenerkenntnisse resultieren:
- Auswirkungen von Covid-19
- Einfluss auf das Rechnungswesen
In its May meeting, the EFRAG TEG members continued deliberation on the content to be included in its draft endorsement advice for IFRS 17.
The May meeting focused on papers that were supposed to be discussed on previous meetings: IFRS 17 and mutual entities, contracts that change their nature over time and IFRS 17 Economic study.
The EFRAG TEG members continue discussion on the content to be included in its draft endorsement advice for IFRS 17. The April meeting focused on the topics Risk mitigation and Interaction between IFRS 17 and IFRS 9 included as Appendix 2 and 3 of the draft endorsement advice (DEA).
- IFRS 17 DEA issues for discussion (Link to Agenda paper 09-02)
The EFRAG Secretariat updated Appendix 2 of the IFRS 17 draft endorsement advice and the paper on the interaction between IFRS 17 and IFRS 9 based on EFRAG TEG comments that were sent in writing. However, as some of the changes are not merely wording but would change the current analysis shared by TEG in previous meetings, they were discussed during the meeting.
In its March meeting, the EFRAG TEG members continued deliberation on the content to be included in its draft endorsement advice for IFRS 17.
The March meeting focused on IFRS 17 and mutual entities, the IASB’s amendments to IFRS 17 from its February/March meetings and the questions included in the EFRAG’s case study on the IFRS 17 implementation impacts that will be carried out over the next two months.
In its January meeting, the EFRAG TEG members continued deliberation on the content to be included in its draft endorsement advice for IFRS 17. While the EFRAG has not published a timeline on when it expects to issue the draft endorsement advice, it is following a workplan to identify all the topics to be included in the DEA that is spread over several months.
The January meeting focused on the proposal of the text that will be included in the draft endorsement advice on three overarching topics: the relation between IFRS 17 and Solvency II; relevance and reliability issues; and content of the Appendix 3.1. Issues paper. The members also discussed the amendments to IFRS 17 that are included in January IASB Staff papers.