RA/PfAD difference

bennybees1bennybees1
in CIA.IFRS17

For the objective, it mentions that under IFRS17, the RA is the compensation required, whereas under Current CIA practice, it is the amount required. When explaining this on the exam, would we say that this wording change alludes to the fact that the RA established now emphasizes a more subjective view of risk that can vary from entity to entity?

I just want to ensure I explain the difference well in case they ask us to describe rather than just list the differences.

Comments

  • Staff-T1Staff-T1

    I would prefer that to say that the RA is now meant to reflect an entity's own view of the compensation required to bear bespoke risk

Sign In or Register to comment.