Implementing IFRS 17: it’s time for a straight line to the finish| BDO Canada
You did your research, chose your IFRS 17 tools, and now it’s time to implement them. It’s essential for businesses to have a comprehensive cross-functional strategy and collaborate with the finance, actuarial, and IT departments for implementing these new tools. Without the proper planning and implementation execution, the ingredients for success (the alignment of your data, the evolution of processes, and the organization’s adoption of the standard) are all at risk. This video discusses best practices for your IFRS 17 implementation as well as the risks when onboarding or integrating a new technology.