TAX MATTERS: IFRS 17 — a further divorce of accounting, tax reporting systems?

https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-285682.mp3?cb=1732294493.mp3THE International Accounting Standard Board recently issued the International Financial Reporting Standards (IFRS) 17, titled “Accounting for Insurance Contracts”, which the insurance sector must adopt by January 1, 2023 although early adoption is permitted. As this date draws near, the hype is developing about the adoption of the standard within insurance circles, but not so…