Heads Up: FASB Issues Discussion Paper on Insurance Contracts
Heads Up: Volume 17, Issue 33
The attached issue of Heads Up discusses the FASB’s recently issued discussion paper (DP), Preliminary Views on Insurance Contracts. The DP gives constituents the opportunity to comment on an insurance accounting model proposed by the IASB in its exposure draft (ED), Insurance Contracts, that, if adopted in the United States, would result in sweeping changes to the existing U.S. model. In addition, the DP summarizes the ED’s key provisions, indicates the FASB’s preliminary views, and includes an appendix with a table comparing current U.S. GAAP with the (1) ED’s proposed model and (2) FASB’s preliminary views.
Read more in the file attached below or visit the Heads Up Archive for past issues.
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