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Two exposure drafts expected soon

  • IASB Exposure Draft (original) Image

10 Jul 2003

The IASB is expected to publish two exposure drafts in the next several weeks: .

The IASB is expected to publish two exposure drafts in the next several weeks:

  • Insurance Contracts – Phase I: This ED will propose guidance for applying existing IFRS to accounting for insurance contracts, addressing such issues as catastrophe and equalisation provisions, loss provisioning, discounting, derivatives and deposit components embedded in insurance contracts, offsetting, policy acquisition costs, accounting policies, and disclosure.
  • Disposal of Non-current Assets and Presentation of Discontinued Operations: This will be the first of several EDs coming out of the IFRS-US GAAP Convergence Project. This ED will address classification, presentation, and measurement of assets held for sale and discontinued operations. The goal is convergence of IFRS and FASB Statement 144.

Correction list for hyphenation

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