Ефекти на регулирането и нормативното регламентиране на застрахователната дейност върху счетоводната система
Effects of the Regulation and Legal Framework of the Insurance Activity on the Accounting System

Author(s): Nadya Koteva
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: insurers; IFRS 17 Insurance Contracts; financial reports; financial reporting framework
Summary/Abstract: Fundamentals of the scientific research: The current article presents the main aspects of the effects of regulation and legal framework of insurance activity on the accounting system of insurers. The established financial reporting framework is updated and overhauled on the basic of transformational changes in the regulatory and the regulatory requirements. The update is made by adopting a new accounting standard, which treats the insurance business – IFRS 17 Insurance Contracts, in order to unify and standardize the variety of national accounting practices specific to individual countries.

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