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Insurance — Accounting and Financial Reporting Update (2017)

Published on: Jan 24, 2018

The January 2018 edition of our annual update highlights selected accounting and reporting developments that may be of interest to entities in the insurance sector. Among other topics, the publication discusses (1) the guidance on accounting for short-duration insurance contracts, (2) the FASB’s continued deliberation of its proposed targeted improvements to the accounting for long-duration insurance contracts, (3) the issuance of targeted improvements to hedge accounting, and (4) the new leasing and revenue recognition standards.

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