Dealing with the impact of the new financial instrument standards for Canadian insurers*

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In 2007, the Canadian Institute of Chartered Accountants issued new accounting standards that have significantly changed financial reporting rules for Canadian insurers. These changes will impact the nature and extent of required disclosure for both 2007 and subsequent financial statements.

This guide offers a general overview of the changes and provides some help to those preparing financial statements. Since it is not a comprehensive reference, we encourage you to contact one of our insurance professionals with any questions.