FASB News
FASB Tables Convergence Efforts; What It Means for U.S. P/C Insurers
The Financial Accounting Standards Board announced in February that it will no longer pursue a full revamp of insurance contract accounting but instead will consider only targeted improvements. For ...
Point/Counterpoint: Analysts Take Opposing Sides on Proposed Accounting Standards
Opinions vary widely among property/casualty insurance experts on the desirability of accounting standards being proposed by the Financial Accounting Standards Board and the International Accounting ...
New Insurance Accounting Standards Are Coming: It’s Time to Get Ready
If you are like most insurance executives you are probably aware that changes are coming to insurance accounting, but you're probably not exactly sure what they are or why all this is happening. The ...
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...
FASB, IASB Proposing ‘Transformational’ Changes in Insurance Accounting
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) separately released proposals recently that represent a transformational change to measurement and ...
FASB Going Concern Disclosure Too Little, Too Late, Moody’s Says
In an article it "Credit Outlook," report, Moody's Investors Service said accounting disclosures being proposed by the U.S. Financial Accounting Standards Board to provide investors with an early ...
FASB Proposes Better Disclosure Of Going Concern Doubts; Seeks Comment
Last week, the Financial Accounting Standards Board issued a proposal aimed at improving disclosures of uncertainties related to an organization's ability to continue as a going concern. The proposed ...