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Insurance Accounting Newsletter — Issue 29, March 2014

Published on: 21 Mar 2014

This edition is titled The start of the joint deliberations process is marked by the FASB decision to set a narrower course for the US insurance accounting project. It provides an overview over the main themes in the vomment letters received on the IASB's June 2013 revised exposure draft ED/2013/7 on insurance contracts and the main developments since then, including the beginning of the joint redeliberations in January 2014 and the February 2014 FASB decision to abandon its convergence efforts with the IASB and to focus its future efforts on making targeted improvements to the existing U.S. GAAP insurance accounting model instead.

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