Can I read Ind AS Implementation Delay for Insurers on EtoBox?
Ind AS Implementation Delay for Insurers by A R is a document available to read on EtoBox.
What is Ind AS Implementation Delay for Insurers about?
The document summarizes the following: 1) The Insurance Regulatory and Development Authority of India (IRDAI) has deferred the implementation of Ind AS (Indian Accounting Standards) in the insurance sector by two years, from 2018-19 to 2020-21. 2) This is due to the peculiarities of the insurance sector in India where assets would be valued on a fair value basis under Ind AS while liabilities would continue to use the existing formula-based approach, potentially leading to valuation mismatches. 3) Insu
- Author
- A R
- Language
- EN