United States

FASB Continues Deliberations on Short-Duration Disclosures and Reinsurance Contracts

Jul 21, 2014
From the Financial Reporting View

Issues & Trends In Insurance No. 14-5 reports on the FASB’s continued discussions about decisions reached on new disclosures to improve financial reporting for short-duration insurance contracts. No decision has been made on an effective date or whether these changes would require reexposure before issuing a final standard. The FASB also reached a decision about reinsurance contracts.

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