Insurance Contracts - IASB

Date recorded:

At its meeting on February 16-17, 2016, the IASB met to review the due process steps that the Board has taken so far in developing the new insurance contracts Standard and also considered the re-exposure criteria in the Due Process Handbook. All of the Board members confirmed that they are satisfied that the Board has completed all the necessary due process steps on the Insurance Contracts project to date and instructed the staff to commence the drafting process.  No Board members intend, at this time, to dissent from issuance of the Standard on insurance contracts.

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