IASB publishes Exposure Draft on amendments to IFRS 17

In June 2019, the International Federation of Accountants (IFAC) called on the G20 leaders, who gathered in Osaka Japan for their 2019 Summit, to implement 10 policy items dealing with smarter regulation, heightened transparency, and inclusive growth. In its call, IFAC highlighted that the policies it recommended are actionable steps toward realizing the United Nations Sustainable Development Goals (SDGs) and Japan’s global vision for “Society 5.0”. Furthermore, IFAC indicated that “meaningful progress on the SDGs is essential to maintain momentum and enthusiasm—2030 is approaching rapidly. The global accountancy profession is committed to playing its role in mainstreaming, implementing, and driving transparency in monitoring the SDGs. Japan presents a bold vision in Society 5.0, which the profession recognizes and supports”.

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