Raphael Akomolede News Today

The main objective of the IFRS is to standardise insurance accounting globally to help users of accounts make sensible comparisons between companies, their past performance, their current financial position and risk exposure.

Leadway Assurance Limited, on Tuesday, said it was on course with the implementation of the International Financial Reporting Standard (IFRS 17). Mr Raphael Akomolede, of the Finance Department of the insurance company, stated this while delivering a paper at a training organised by the insurer for journalists covering the insurance and pension industries in Lagos.