Financial risk and non-financial risk

HateExams99HateExams99
in CIA.IFRS17

Hi,

One of the 3 building blocks of the measurement of liabilities is PV of future cash flow which includes provisions for financial risk, and another building block is risk adjustment for non-financial risk. My understanding is that the measurement of liability actually includes BOTH financial AND non-financial risk. Is this correct?

However, in Section 9, the comparison table shows the scope of IFRS17 includes Non-financial risk only.

Can you please explain the differences? Thanks!

Comments

  • Staff-T1Staff-T1
    The table in section 9 shows the comparison between the treatment of compensation for non financial risk between IFRS-4 and IFRS-17. It doesn't say that IFRS17 only includes non financial risk
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