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Insurance Contracts – AcSOC

Date recorded:

At the AcSOC meeting on March 1-2, 2018, the AcSB Chair noted that AcSB’s risk attached to this project, and a key focus, continues to be whether there will be a delay in the endorsement processes in Europe. The AcSB stands ready to act so that Canada will not implement the new standard on its own. The AcSB continues to press for a global adoption date. The AcSB is devoting considerable time and effort monitoring developments on this topic, and is in regular contact with the IASB. The AcSB is also monitoring the U.S. Financial Accounting Standards Board’s project on insurance.

Review the meeting summary on the AcSOC's Web site.

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