IFRS in Focus — IASB re-exposes proposals on insurance contracts accounting

Published on: 21 Jun 2013

This newsletter discusses the recently issued a revised Exposure Draft on insurance.

The ED proposes a comprehensive accounting model for insurance contracts.  It establishes principles to report the nature, amount, timing and uncertainty of cash flows from insurance contracts. The IASB is seeking comment on five key areas and develops the ‘building blocks’ approach included in its previous 2010 ED.  The comment period closes on 25 October. 


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