Client alert

PHI regulatory changes and year-end considerations

By:
Alison Sheridan,
Matthew Green,
Daniel Farthing
30 Jun 20222 min read
With the 2022 financial year coming to a close, private health insurers face a number of considerations in regulation and their year-end financial reporting, including:
Contents
  • IFRS 17 and IASB amendment effective for annual reporting periods starting on or after 1 January 2023;
  • Environmental, Social and Governance (ESG) strategy and reporting;
  • Governance and risk management review by APRA in 2023;
  • CPS 234 Tripartite Reviews;
  • Climate risk self-assessment survey; and
  • Review and refresh insurance risk management guidance by APRA in 2023.
Developments in Financial Reporting and Regulations

Developments in Financial Reporting and Regulations

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Authors
  • Alison Sheridan Alison leads our Private Health Insurance (PHI) specialisation for Grant Thornton and has been involved with the audits of private health insurers for many years. Alison has a deep understanding of the issues facing the PHI and broader insurance industry. She prides herself on her technical knowledge and is aware of the accounting complexities of insurance companies View Profile
  • Matthew Green Matthew brings 19 years’ experience in providing IT risk assurance and advisory services to listed, Government and private enterprise. His extensive IT risk assurance and advisory experience covers business and technology across strategy, governance, operations, service delivery, procurement, major projects, data risk management and 3rd party auditing. View Profile
  • Daniel Farthing Daniel is a cyber security risk and technology controls Partner based in Grant Thornton's Sydney office. With 15 years of experience in the United States and Australia, Daniel is one of the market's leading experts on SOC-2 and technology controls audits more broadly -- including reviews with a focus on cyber/information security, access, change management, data governance and processing integrity. View Profile

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