Grace, Martin Francis; Basu, Sudipta - 2022
IFRS 17 requires a significant change to insurer accounting, and we look at some of the frictions resulting from its … implementation. We make three points. First, since IFRS 17 is a principles-based standard, it will be costly to implement. Audit … industries. Third, we conduct an event study of specific announcements regarding IFRS 17 promulgation and implementation. We find …