The Financial Reporting Group supports the IFoA in the formulation and delivery of the IFoA’s opinion on accounting and financial reporting matters. It does so through consultation responses or wider engagement with stakeholders.
It also provides thought leadership in accounting and financial reporting issues affecting the relevant IFoA practice areas, for the UK and internationally.
The group has a primary focus on providing the IFoA’s input to the work of the International Actuarial Association (IAA) on IFRS17, including the work of the IAA’s Insurance Accounting Committee.
For more information, see Financial Reporting Group terms of reference (72 KB PDF)
In May 2023, the IFoA had the opportunity to comment on the tentative agenda decision made by the IASB’s IFRS Interpretation Committee on the premiums receivable from an intermediary (IFRS 17 and IFRS 9). This response was supported and developed with the Financial Reporting Group.
Read the response at: IFoA response to Tentative Agenda Decision and comment letters Premiums Receivable from an Intermediary (IFRS 17 and IFRS 9) (126 KB PDF)
The group’s membership is drawn from a spectrum of accounting experts in various practice areas.
The members are (2024 to 2025):
For more information about any of our practice areas, please email the Communities Engagement Team
