TITLE

CONVERGING INTERESTS

AUTHOR(S)
Nagari, Francesco
PUB. DATE
January 2012
SOURCE
Accountancy;Jan2012, Vol. 148 Issue 1421, p52
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the development of the International Financial Reporting Standard (IFRS) 4 Phase II by the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) and examines their application in the insurance industry. The author looks at rules on the value of insurance liabilities and on the use of amortised cost and fair value through income when accounting for assets as well as disagreement about uncertainty in insurance contracts.
ACCESSION #
71750517

 

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