Archive

• FASB issues proposals to smooth LDTI transition accounting

  19 July 2022

  Authority seeks to exclude transactions that have been "derecognised" from new rules

• FASB agrees to delay LDTI by one year

  02 October 2020

  Consultation received overwhelming support for deferral

• FASB formally proposes LDTI delay

  09 July 2020

  Deadline for comments is 24 August

• FIS: LDTI delay would boost smaller insurers' transformation

  15 June 2020

  Insurers need to review continuity plans from Covid-19 disruptions, the firm says

• US to delay life accounting standard because of Covid-19 disruption

  10 June 2020

  FASB agrees one-year deferral for adoption of LDTI

• FASB formally proposes delaying LDTI by one year

  21 August 2019

  Accounting body sets out consultation paper with final vote after September

• FASB votes to delay LDTI, CECL accounting standards

  19 July 2019

  Accounting body responds to market pressure

• FASB votes to curtail convergence with IASB

  25 February 2014

  Accounting board limits the scope of its project on insurance contracts

• FASB/IASB inconsistencies pose risks to insurers

  12 December 2013

  Moody's warns of high implementation costs and poor understanding of new accounting standards

• Insurers face "biggest ever" financial reporting change

  21 June 2013

  Third draft of international standard on insurer accounting released