IFRS insurance accounting newsletter

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07 Jul 2009

Deloitte (United Kingdom) has published the July 2009 edition of its monthly newsletter focussing on the joint IASB and FASB project to develop a new, comprehensive, global financial reporting standard for insurance.

Among other things, this issue reports on decisions made by the IASB in June, particularly the important conclusion, in line with FASB, to abandon the Current Exit Price model. The IASB rejected the revised timetable proposed by its staff, which included a publication date of April 2010. The Board asked the staff to reformulate its plans to ensure that an exposure draft is published in December 2009 as originally intended, with a final standard in 2011. Click to download July 2009 Issue of the Insurance Accounting Newsletter (PDF 198k). There are permanent links all issues of the newsletter on Here.


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