This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deloitte comments on FASB proposal to defer effective date for standard on long-duration insurance contracts

Published on: Sep 27, 2019

Deloitte & Touche LLP has commented on the FASB's proposed ASU Financial Services — Insurance (Topic 944): Effective Dates.

An excerpt from the comment letter is shown below:

We support the Board’s proposal to defer the effective date of the amendments in ASU 2018-12. We believe that a deferral will give preparers the time they need to appropriately transition to the new standard, develop accounting policies, design internal controls, and implement any new required systems or processes.

For more information, see the full text of the comment letter which is available below.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.