The Financial Accounting Standards Board
(FASB) is seeking comments on proposed improving to the financial
reporting for insurance contracts.
The paper is part of a joint project between
the FASB and the International Accounting Standards Board (IASB)
that aims to develop guidance on recognition, measurement,
presentation and disclosure requirements for insurance contracts,
including contracts not issued by an insurance entity.
The IASB issued an exposure draft of a
proposed IFRS for insurance contracts in June.
The FASB paper asks for input concerning the
IASB proposal and how the suggested improvements compare with
existing US GAAP.
The FASB and IASB will host a series of public
roundtable meetings in December to hear stakeholders’ feedback.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData