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Regions / Americas

Newsletter September 2010: US move on insurance accounting awaited

Simon Turmaine | September 8, 2010

LONDON – US and global accounting standard-setters are agreed on most of the issues relating to the thorny question of how to value insurance contracts, but disagree in two areas, according to a top international accounting rule-maker. Warren McGregor, a member of the International Accounting Standards Board (IASB), said the IASB is waiting to see how its US counterpart, the Financial Accounting Standards Board (FASB), will follow-up on the IASB’s latest proposals on insurance contracts.

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