Module 1: Introduction to IFRS 17 and the Insurance Industry
• Overview of IFRS 17 and its purpose.
• Scope and applicability of the standard.
• Key differences between IFRS 17 and IFRS 4.
• Types of insurance contracts and their main characteristics.
• Roles of insurers, reinsurers, auditors and regulators.
• Overview of the insurance business model and its financial reporting requirements.
• Relevance of IFRS 17 to revenue authorities and tax administration.
• Key challenges in interpreting insurance company financial information.

Module 2: Recognition, Classification and Measurement of Insurance Contracts
• Identification and recognition of insurance contracts.
• Contract boundaries and grouping of insurance contracts.
• Classification of insurance contracts and assessment of contract characteristics.
• Overview of the general measurement model.
• Premium Allocation Approach (PAA) and its application.
• Variable Fee Approach (VFA) for eligible contracts with direct participation features.
• Measurement of fulfilment cash flows.
• Discounting, risk adjustments and uncertainty in estimates.
• Contractual Service Margin (CSM) and its significance.
• Practical examples of insurance contract measurement.

Module 3: Insurance Revenue, Contractual Service Margin and Financial Reporting
• Recognition and measurement of insurance revenue.
• Insurance service expenses and claims recognition.
• Release of the contractual service margin over the coverage period.
• Treatment of onerous insurance contracts and losses.
• Changes in estimates and assumptions.
• Impact of discount rates and risk adjustments on reported results.
• Presentation of insurance service results and insurance finance income or expenses.
• Disclosure requirements under IFRS 17.
• Analysis of insurance company income statements and statements of financial position.
• Practical interpretation of financial reporting disclosures.

Module 4: Insurance Contract Liabilities, Claims and Reinsurance Arrangements
• Understanding insurance contract assets and liabilities.
• Measurement of liability for remaining coverage.
• Measurement of liability for incurred claims.
• Recognition and assessment of insurance claims and related expenses.
• Reinsurance contracts held and their accounting treatment.
• Recognition of reinsurance recoveries and expected credit losses where applicable.
• Accounting for reinsurance gains and losses.
• Treatment of acquisition cash flows and related expenses.
• Reconciliation of insurance liabilities between reporting periods.
• Practical analysis of movements in claims reserves and insurance obligations.

Module 5: Tax Implications of IFRS 17 and Accounting–Tax Differences
• Relationship between IFRS 17 financial reporting and tax administration.
• Distinguishing accounting profit from taxable income.
• Identification of temporary and permanent differences.
• Tax treatment of insurance premiums, claims and related expenses.
• Assessment of insurance liabilities and provisions for tax purposes.
• Tax considerations relating to reinsurance transactions.
• Deferred tax implications arising from differences in accounting and tax treatment.
• Evaluation of tax adjustments arising from changes in estimates and accounting assumptions.
• Reconciliation of IFRS 17 financial results with corporate income tax returns.
• Practical examples of accounting-to-tax reconciliations.

Module 6: Tax Compliance, Audit Procedures and Risk Assessment for Insurance Companies
• Understanding the tax compliance obligations of insurance companies.
• Planning and conducting insurance-sector tax audits.
• Reviewing financial statements, tax returns and supporting documentation.
• Identifying inconsistencies between reported accounting results and tax declarations.
• Assessing the reasonableness of claims expenses and insurance-related deductions.
• Reviewing reinsurance transactions and related-party arrangements.
• Identifying unusual movements in insurance liabilities and expenses.
• Risk-based selection of insurance taxpayers for compliance reviews.
• Use of financial ratios, trend analysis and reconciliations in tax investigations.
• Developing audit findings and documenting supporting evidence.
• Practical case study: identifying potential tax risks in an insurance company’s financial statements.

Module 7: Regulatory Compliance, Disclosure Requirements and Financial Statement Analysis
• IFRS 17 presentation and disclosure requirements.
• Relationship between financial reporting and insurance regulatory supervision.
• Reviewing significant accounting judgements and estimation uncertainty.
• Analysis of insurance revenue, claims ratios and profitability trends.
• Assessment of insurance contract liabilities and financial performance.
• Identification of inconsistencies across financial statements and disclosures.
• Understanding the interaction between IFRS 17 and other relevant reporting requirements.
• Use of published financial information in compliance monitoring.
• Regulatory reporting risks and potential indicators of misstatement.
• Practical analysis of selected insurance company financial disclosures.

Module 8: Practical Case Studies, Tax Risk Identification and Final Assessment
• Integrated review of an insurance company’s financial statements.
• Analysis of insurance revenue, claims, liabilities and contractual service margins.
• Preparation of an illustrative accounting-to-tax reconciliation.
• Identification of potential tax adjustments under applicable domestic legislation.
• Assessment of reinsurance transactions and related tax risks.
• Review of possible revenue leakage and non-compliance indicators.
• Development of a risk-based tax audit approach.
• Preparation of audit observations and recommended follow-up actions.
• Group discussion and presentation of case study findings.
• Final assessment and evaluation of participants’ understanding.