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
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: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
Document Version: 
Published Version

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