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Boards discuss insurance contracts

  • FASB-IASB Image

Jan 27, 2014

Last week, the FASB and IASB met to discuss their joint insurance contracts project. The boards' staffs summarized the feedback received on their respective insurance proposals. FASB and IASB members jointly discussed the results of the comment letter analysis and the outcome of the fieldwork that was performed during the comment period.

No decisions were made by the FASB or IASB during this session. The FASB will continue its discussions on its insurance contracts project in February, and the IASB will continue its discussions in March.

For more information, see IAS Plus for preliminary and unofficial notes taken by Deloitte observers, and the meeting minutes on the FASB's Web site.

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