PwC supports FASB proposal to defer the effective date of the targeted improvements to insurers’ accounting for long-duration contracts.
PwC has supported the FASB’s proposed deferral of the insurance standard.
The FASB’s proposal would defer the effective date for one additional year.
The proposal was prompted by delays in implementation caused by the pandemic.
© 2016 - Wed Oct 28 11:52:41 UTC 2020 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.