Oct 24, 2018 | IASB, Insurance
The IASB at its upcoming meeting plans to consider whether to make changes to the board’s much-watched insurance accounting standard, including whether to delay the 2021 effective date. The agenda papers for the meeting suggest that any changes the board agrees...
May 24, 2018 | FASB Updates, IASB, IRS information
Rev Proc 2018-29, 2018-21 IRB In a Revenue Procedure, IRS has provided a new automatic change in accounting method for taxpayers to use to conform with new financial accounting standards issued by the Financial Accounting Standards Board (FASB) and the International...
May 23, 2017 | FASB Updates, IASB, Insurance Industry
The IASB published its much-anticipated overhaul for insurance accounting, ushering in a major change to how insurers report the risks they take and the promises they make to their customers. The standard aims to offer more transparency into an industry where balance...
