IFRS insurance accounting newsletter
21 May 2010
Deloitte (United Kingdom) has published the May 2010 issue of Insurance Accounting Newsletter. This issue is titled Steady, if Slow Progress. It focuses on the meetings in April 2010 between the IASB and the FASB to discuss the insurance contracts project.
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After another long week of joint meetings during the month of April, the Insurance Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have prepared the ground for a last attempt to resolve the major disagreements between them. Officially moving the date of the exposure draft (ED) publication to June was the price to pay for the divergence in opinions between the Boards. The Boards did manage to make some progress and many important decisions have been reached. However, in our opinion, the complexity of the remaining issues still makes the June deadline look optimistic. |
