05 March 2021

IFRS 17: two experiences

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. In which year was IFRS 17 released and in which year was it amended?

  2. Why is there a patchwork of approaches and timelines in mainland China and Hong Kong SAR?

  3. Which approach to IFRS 17 is mainland China using?

  4. What will companies looking to list on a Chinese stock exchange have to do?

  5. Why is the staggered approach potentially problematic?

  6. Why is the single implementation date in Hong Kong SAR potentially problematic for smaller insurers?

  7. Which of the following will not be a key theme for 2021?

  8. When could the first numbers under IFRS 17 be available to investors in Hong Kong SAR?

  9. What could enhanced comparability lead to?

  10. Which of the following skills is not needed during an implementation squeeze

1 Unit