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FASB proposes delay in long-term insurance standard effective date

by Ken Tysiac | Aug 24, 2019   ()

FASB on Wednesday proposed a delay in the effective date of its new accounting standard for long-duration insurance contracts. The proposed delay is consistent with a philosophy described in a proposal the board issued last week that would delay for certain entities the effective dates of the board’s standards on accounting for leases, credit losses, and hedging.
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Source: Journal of Accountancy

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