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Categories: fit for the future

IASB delays new insurance contract rules for one year: PwC comments

IASB delays new insurance contract rules for one year: PwC comments

Singapore, 14 November 2018 – Commenting on the decision from today’s IASB meeting, subject to the IASB’s due process, that the IFRS17 insurance accounting standard will be delayed by one year and the extension of the deferral of IFRS 9 to the same date, Alex Bertolotti, Global IFRS17 leader at PwC, said:
“Today’s announcement of a one-year delay to the implementation of IFRS17 will be welcomed

How to build a lasting competitive advantage through your values and purpose in a digital age

Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

• Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)