Insurers converting well to IFRS, claims survey
Major global insurers have responded well to the enormous challenge in moving to International Financial Reporting Standards (IFRS) and many companies have gone beyond the minimum of disclosure required to comply, as evidenced by the sheer weight of the recently published financial statements, according to a new survey by PricewaterhouseCoopers.
However, while the accounts are considerably longer and provide valuable new information for users the survey suggests that, in some areas, the wide degree of discretion in presentation has made
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