Financial Accounting Standards Board News
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 ...
ACE’s Greenberg Says Accounting Change Serves Bunch of Academics
ACE Limited Chief Executive Officer Evan Greenberg said the push for new U.S. accounting standards may distract investors from the most useful metrics in gauging insurers' financial status. "I don't ...
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 ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...