IFRS 17 represents one of the most significant changes in insurance accounting in recent decades. If you are involved in auditing or reporting for insurance entities, understanding this standard is no longer optional — it is essential.
The move from IFRS 4 to IFRS 17 introduced a comprehensive and consistent framework for recognising, measuring, presenting, and disclosing insurance contracts. As an auditor, you must consider the unique risks that arise from complex estimates, the involvement of management and auditor experts, and the testing of manual and automated controls.
This course gives you a structured and practical introduction to IFRS 17. Whether you are new to insurance accounting or looking to strengthen your foundation, you will gain clarity on the core building blocks of the standard and how they affect audit procedures.
You will explore:
- The level of aggregation and why it matters
- Recognition principles for insurance contracts
- The Premium Allocation Method (PAM)
- Initial and subsequent measurement
- Contract modification and derecognition
- Key audit objectives, risks, and procedures linked to these components
By the end of this course, you will have a solid understanding of IFRS 17 fundamentals and feel more confident responding to the risks introduced by the standard during an audit engagement.
Upon completion, you will receive a verifiable LEAF Blue CPD Certificate, recognising your technical development in this specialised area of accounting and auditing.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quests Curriculum
- 5 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) included in this level: 1. Welcome & Introduction, 2. Audit Approach
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Levels 02 IFRS 17
Mission(s) included in this level: 3. Overview of IFRS 17, 4. Level of Aggregation, 5. Recognition
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Levels 03 Measurement
Mission(s) included in this level: 6. Initial Measurement, 7. Subsequent Measurement, 8. Premium Allocation Approach
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Levels 04 Modifications & Derecognition
Mission(s) included in this level: 9. Modifications, 10. Derecognition
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Levels 05 Final Quiz
Complete all the levels and pass the final quiz with a minimum of 80% to complete the quest and receive a verifiable LEAF Blue CPD Certificate.
Success Stories
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Carla M. Audit Senior
"IFRS 17 felt overwhelming before this course. The explanations were clear and structured, making the standard much easier to understand."
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Daniel S. Assurance Manager
"The link between accounting principles and audit risks was particularly valuable. A great starting point for anyone new to insurance audits."
