Suggested procedures for auditing insurance contracts in the Iraqi environment in accordance with IFRS 17
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Abstract
The developments witnessed by the insurance sector at the international level were reflected in the accounting fields in the companies that deal in insurance contracts in terms of the foundations of recognition, measurement and disclosure, in addition to the various accounting procedures for insurance contracts about the rest other the sectors, This is what made the International Accounting Standards Board interested in issuing the International Reporting Standard (IFRS 17), which will be effective starting from 1/1/2023, Whereas, IFRS 17 seeks to provide a unified basis for accounting for all types of insurance contracts, including reinsurance contracts, in a manner that is beneficial to both investors and insurance companies, and enhances the comparability of the financial statements of insurance companies between companies listed in financial markets around the world, The importance of the research comes in the possibility of providing proposed audit procedures that help auditors in the process of auditing insurance contracts in accordance with the requirements of IFRS 17 in the Iraqi environment, which contributes to giving credibility to the financial reports prepared by these companies and is positively reflected in the economic decisions of their stakeholders, The most prominent finding of the research is that the audit procedures currently used in auditing insurance contracts suffer from many shortcomings in the field of internal control assessment and the method of implementation, as well as auditing accounting estimates for insurance contracts, and accordingly these procedures were proposed to assist auditors in the process of auditing insurance contracts that should be recognized and measured Presenting and disclosing them in line with the requirements of IFRS 17 These procedures, from the researchers' point of view, are detailed procedures for auditing insurance contracts in accordance with the requirements of the above standard.
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اولا . المصادر العربية:
أ. القوانين والتشريعات والأنظمة والتعليمات الوثائق الرسمية:
. 1. ديوان الرقابة المالية الاتحادي، برنامج تدقيق عقود التأمين، 0211
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ب. الرسائل والأطاريح الجامعية:
النافعي، احمد نعمة، دراسة أثر المحاسبة عن المشتقات المالية على ترشيد قرارات الاستثمار في
. شركات التأمين، رسالة ماجستير، جامعة المنصورة، كلية التجارة، 0212
في جود المعلومات المحاسبية لوحدات الاعمال IFRS 0. الزبيدي، ياسر صاحب، تأثير تبني 17
العراقية-انموذج مقترح، رسالة ماجستير غير منشورة، جامعة بغداد، كلية الإدارة والاقتصاد،
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ج. الدوريات والمؤتمرات:
على IFRS 1. النجار، سامح محمد امين، دراسة تحليلية لأثر تطبيق معيار التقرير المالي الدولي 17
تطوير القياس والإفصاح المحاسبي وتحسين جودة التقارير المالية لشركات التأمين المصرية مجلة
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ثانيا.ً المصادر الأجنبية:
A. Periodicals & Research's:
Clark, Dominic et al., Impact of IFRS 17 on Insurance Product Pricing and Design,
Diest, F. Van, & Schilders, T, Knowledge sharing-IFRS 17, 2020.
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Contracts, Agricultural Economics 17(98), 2018.
McWilliam, Emma & McKenzie, John, Building up to IFRS 17, 2017.
Scott, Darrel, IFRS 17 Pocket Guide, 2018.
Widing, B., & Jansson, J, Valuation Practices of IFRS 17, 2018.
B. Reports and Professional Issues:
Deloitte, IFRS 17-Insurance Contacts Technical summary of IFRS 17, 2017.
EFRAG, IFRS 17 Insurance Contracts and Level of Aggregation, 2018.
Ernst & Young, Applying IFRS 17: A Closer Look at the New Insurance Contracts
Standard, 2018.
IFRS, IFRS Standards-IFRS 17 Insurance Contracts, 2017.
International Accounting Standard Board, IFRS Standards Effects Analysis: IFRS 17
Insurance Contracts, 2017. DOI: https://doi.org/10.5609/jsis.2017.638_107
C. Thesis's and Dissertations
Mingolet, Felix, A study on the expected impact of IFRS 17 on the transparency of
financial statements of insurance companies, a thesis submitted in partial fulfilment of
the requirements of Master Matheo University, Belgaum, 2017.