New issue of the IASB’s "Investor Perspectives" series on the insurance contracts project

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06 Sep, 2013

The International Accounting Standards Board (IASB) has released a new edition in its 'Investor Perspectives' series. In this edition, Patrick Finnegan (IASB Board member) discusses the proposals in revised insurance contracts exposure draft.

The article covers three key features from the exposure draft that may have the most impact to both preparers and investors. The three key features are:

  1. how to report discount rate changes;
  2. how to present insurance contract revenue and expenses; and
  3. how to report changes in estimates of contract cash flows.

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