Proposals for a new accounting standard for insurance contracts could lead to "unexpected" consequences, KPMG will warn today.
The insurance industry is using a temporary standard created in time for January 1 last year, when International Financial Reporting Standards were adopted in the European Union.
The International Accounting Standards Board is developing a new standard to replace this.
At the heart of its work is establishing guidelines for measuring insurance liabilities.
See full Article (paid subscription required).
Posts
