Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/230130
Authors: 
Dobler, Michael
Year of Publication: 
2019
Citation: 
[Journal:] Journal of Corporate Accounting & Finance [ISSN:] 1097-0053 [Volume:] 31 [Issue:] 3 [Pages:] 190-196
Publisher: 
John Wiley & Sons, Inc., Hoboken, USA
Abstract: 
The International Financial Reporting Standards (IFRS) must pass a formal endorsement process to become binding for companies based in the European Union (EU). In an unparalleled instance, the EU recently endorsed “Amendments to IFRS 4” with a modification labeled as “top up” by allowing European financial conglomerates to defer the application of IFRS 9 “Financial Instruments” in their insurance sectors. This paper explains the background of this decision, identifies the “top up” as an unprecedented case of carve-in, and discusses the key implications for regulation and practice.
Subjects: 
carve‐in
European Union (EU)
financial conglomerate
financial instruments
insurance
international accounting
International Financial Reporting Standards (IFRS)
top up
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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