Importance of this paper
in CIA.IFRS17
Do you think this paper is very important given we aren't even using the old standard anymore? I can see some parts of it being relevant but a lot of the comparisons for example seem to be a bit unnecessary now
Comments
My guess is that this reading is decreasing in importance with every passing year since IFRS 17 was introduced. During the transition, it may have been necessary to understand both the old and new accounting standards but as IFRS17 becomes integrated, it seems less important to know how it compares to the old MfADs (Margins for Adverse Deviation.)
Having said that however, the CAS still includes this reading in the syllabus so I wouldn't skip it entirely - just make sure you have a few of the basic facts in case it comes up on your exam. But if you are running short on study time, this reading would be a candidate to spend less time on.