Remove Accounting Standards Remove Economics Remove Financial Reporting Remove IFRS
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IFRS 17 won't directly affect insurers' creditworthiness

Future CFO

IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, while not directly affecting insurers' creditworthiness, said Moody's recently. The new insurance reporting standard has been taken effect since January 2023.

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The most and least complex jurisdictions for financial compliance in APAC

Future CFO

Tax rates, policies and subsidies can also differ depending on whether a location is in a free trade zone, a special economic zone, or a hi-tech industrial development zone, TMF Group noted.

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166: Nicolaas van Wyk

CFO Talks

We expect the same will happen locally, there are a lot of listed companies in South Africa getting loans and credit from the PIC and soon the PIC will also start requiring these types of reports. The last one is then climate change.

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