Consolidation Near On Global Standard

Stein, Robert
April 2010
Best's Review;Apr2010, Vol. 110 Issue 12, p82
Trade Publication
The article reports on the consolidation of the International Accounting Standards (IAS) from the boards in the U.S. and Europe for insurance accounting. It notes that the joint project will set valuation of insurance liabilities based on cash flows, financial market, and behavior of policyholder. It expects that the new standards will bring massive changes in reporting and disclosure requirements.


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