From 2014 through the second quarter of 2016, the FASB made tentative decisions regarding its project to consider targeted improvements to the accounting for long-duration insurance contracts. In September 2016, an exposure draft was issued, with comments due in December. See our PwC In depth No. US2016-09, Overview of the FASB's proposal for long-duration contracts, for more information. The FASB project deliberations are expected to continue throughout 2017, following the April 2017 FASB roundtable. Below are our summaries of the FASB's meetings from February 2014 through the present.
The IASB is expected to issue its final comprehensive standard on insurance contracts in May 2017. Below are our summaries of the IASB meetings from January 2014 through the present.
© 2016 - 2017 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.