Insurance Contracts - IASB
At its meeting on October 21, 2015, the IASB discussed: (i) the classification and measurement of financial assets on transition to the new insurance contracts Standard (including transition reliefs and disclosure requirements); (ii) restatement of comparative information on initial application of the new insurance contracts Standard; (iii) if the new insurance contracts Standard should retain the mirroring approach; and (iv) presentation and disclosures for insurance contracts. The IASB will continue its discussions on insurance contracts at a future meeting.
Review the IASB Update.