PwC comment letter on deferral of the ASU 2018-12 effective date

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Comment letter , PwC US Aug 24, 2020

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.

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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Mary Saslow

Mary Saslow

Managing Director, National Professional Service Group, PwC US

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