New accounting standards have increased transparency: report
More than a third of insurers believe International Financial Reporting Standards have improved transparency and comparability within financial reporting, but further work is required to fully embed the new accounting rules in to their business processes, according to the findings of survey by KPMG.
The survey entitled ‘Implementing IFRS in the Insurance Industry – Observations and Lessons for the Future’, is a summary of the views of 47 insurers, across 17 countries, on the impact of conversion
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