Insurance

New accounting standards = more costs for insurers

Monday 1st of November 2021

According to actuarial services team leader and partner at PwC New Zealand Ben Coulter, the introduction of New Zealand International Financial Reporting Standards 17 (NZ IFRS17) will lead to additional time and money spent on accounting services but could also be an opportunity to review a company's accounting systems at the same time.

Coulter told viewers of the Financial Services...

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