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IFRS 17 is an accounting standard that provides a framework for reporting insurance contracts . It states the classification of assets and liabilities of companies operating in the insurance sector and provides consistent principles for insurance contracts. IFRS 17 is an International Financial Reporting Standard that was issued by the International Accounting Standards Board in May 2017. It replaced IFRS 4 on accounting for insurance contracts and became effective date of 1 January 2023. However , in India, Insurance Regulatory and Development Authority of India (Irdai) has asked both bank-sponsored and non-bank-sponsored insurance companies to implement IFRS 17 regulations by FY27 (previously FY25) , to give these companies sufficient time for implementation. IRDAI has also reconstituted an Expert Committee on the implementation of Ind AS 117 or IFRS 17 headed by the Member (Finance and Investment) F&I of Irdai which will work on steps that may be taken towards the effective implementation of the new accounting framework, along with giving phase-wise timelines.
Which of the following is a programming language for creating special programs like Applets?
Which topology connects each computer to a central hub?
Which of the following is not a stream cipher?
Documents converted to .......... can be published to the Web.
Data duplication wastes the space, but also promotes a more serious problem called
A Compiler is software which converts
Data can be saved on backing storage medium known as :
Which forms has a relation that possesses data about an individual entity:
The first IBM PC did not have any:
What is the main function of a microprocessor in computer?