On October 22, 2019, the IASB (‘Board’) considered the feedback gathered from the outreach activities undertaken by Board members and staff during July to September 2019. This feedback did not include an analysis of the 121 comment letters received on the Exposure Draft.
Most stakeholders welcomed the proposed amendments, but suggested that some amendments should go further.
No technical decisions were taken at this meeting. The Board expects to consider a summary of the comment letters received and a project plan for the re-deliberations at the November Board meeting.
The views in this In transition are based on our observations from the October 22, 2019 meeting, and they might differ in some respects from the official report of the meeting that will be published by the IASB in an IASB Update at a later date.
US Insurance Practice Leader, PwC US
Richard de Haan
Global Actuarial Leader, PwC US
Managing Director, National Professional Service Group, PwC US