Analysis Of Implementation Of PSAK 74 In Insurance Companies In Indonesia
Keywords:
PSAK 74, IFRS 17, Insurance CompanyAbstract
Statement of Financial Accounting Standards (PSAK) 74 was adopted from the International Financial Reporting Standard (IFRS) 17 which was published in 2020 and will become effective in 2025. IFRS 17 aims to provide an integrated basis for all types of insurance companies to improve financial reporting capabilities by means of which is easy for stakeholders to understand. PSAK 74 to replace PSAK 62, PSAK 36, and PSAK 28. This research aims to determine the preparation of insurance companies in Indonesia in implementing PSAK 74 as well as the obstacles that insurance companies in Indonesia will face in implementing PSAK 74. This research uses a literature review method. The results of this research show that insurance companies in Indonesia are ready to implement PSAK 74. The obstacles that occur do not prevent insurance companies in Indonesia from preparing to implement PSAK 74.
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Copyright (c) 2023 Angie Gracia Sibarani, Alberty Christina Br Haloho, Angelic Mileta Purba, Dr. Deliana, S.E.Ak., M.Si, CA (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Simposium Ilmiah Akuntansi under the terms of a Creative Commons Attribution 4.0 International License / CC BY 4.0 This license permits anyone to copy and redistribute this material in any form or format, compose, modify, and make derivative works of this material for any purpose, including commercial purposes, so long as they include credit to the Author of the original work.
