Nagari, Francesco
January 2012
Accountancy;Jan2012, Vol. 148 Issue 1421, p52
Trade Publication
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.


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