Mar 03, 2014
From the IFRS Institute
The February 2014, Issue 37 of KPMG ISG's IFRS Newsletter: Insurance - Moving Towards International Insurance Accounting highlights the IASB's discussions about the effective date of IFRS 9, Financial Instruments, and FASB's discussions in February 2014 about the insurance contracts project. The IASB discussed the mandatory effective date for IFRS 9 (annual periods beginning on or after January 1, 2018) and the interaction between that standard and the insurance contracts project. The FASB recently decided to change the direction of the proposed insurance contracts project and to limit the scope to insurance entities.