Implementation Difficulties & Merits of International Financial Reporting Standard 17 Adoption in Ghana


Authors : Ansong Michael

Volume/Issue : Volume 9 - 2024, Issue 3 - March

Google Scholar : https://tinyurl.com/4ry6y7k4

Scribd : https://tinyurl.com/568msrzb

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAR041

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Abstract : The study examines the impact of IFRS 17 implementation and adoption in the Insurance Industry, specifically, a case of the Life Insurance companies. The objective of the paper is to highlight some key critical areas of the implementation of IFRS 17 reference to the difficulties and merits that will arise from its full adoption while ensuring the life insurance companies also align their distribution strategies towards its implementation.

The study examines the impact of IFRS 17 implementation and adoption in the Insurance Industry, specifically, a case of the Life Insurance companies. The objective of the paper is to highlight some key critical areas of the implementation of IFRS 17 reference to the difficulties and merits that will arise from its full adoption while ensuring the life insurance companies also align their distribution strategies towards its implementation.

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