Insurance accounting: Significant changes are on the horizon April 3 | 2:00 pm ET
Host: Gary Shaw, partner, Deloitte & Touche LLP
1 Overview CPE credit
The FASB has continued work on the proposed accounting standards update (ASU) that would change the US GAAP accounting and disclosure requirements for certain long-duration insurance contracts. This ASU is a substantial change that will require careful planning and significant resources in preparation for adoption. What do you need to know? We'll discuss:
- The scope of the proposed changes.
- Details of the changes in the determination of the liability for certain long-duration insurance contracts and the associated deferred acquisition costs.
- Insights on planning needed to prepare for the adoption of the accounting changes.
Participants will learn about the proposed ASU and obtain up-to-date information and insights about adopting it.