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Financial Reporting/International Accounting
Printer-friendly versionDomestic and international financial reporting issues that affect multiple areas of actuarial practice including responses to the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).
Financial Reporting Committee presentation at a FASB forum on Phase II of the IASB’s insurance contracts project. (October 26, 2005)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: "Measurement of Investment Contracts and Service Contracts under International Financial Reporting Standards." (February 15, 2005)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: Current Estimates. (February 15, 2005)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: "Actuarial Practice When Providing Professional Services to Reporting Entities Concerning Financial Reporting of Insurance Contracts, Financial Instruments, and Service Contracts Under International Financial Reporting Standards." (February 15, 2005)
Financial Reporting Committee comments on FASB exposure draft, "Proposed Statement of Financial Accounting Standards: Fair Value Measurements." (September 30, 2004)
Joint Financial Reporting Task Force comments on an IASB proposal for international accounting standards for insurance contracts. (October 31, 2003)
Academy comments to COSO about its draft "Enterprise Risk Management Framework. (October 14, 2003)
Letter accepting an NAIC request to make recommendations on possible trend tests for casualty and health RBC. (September 5, 2003)
Supplement to a February 2002 comparison of the three NAIC RBC formulas. (March 30, 2003)
Academy comments to the SEC on proposed Sarbanes-Oxley Act auditor independence rules. (January 6, 2003)
Academy commments to the SEC on proposed Sarbanes-Oxley Act disclosure rules. (November 26, 2002)
Life Financial Reporting Committee comments on an AICPA Proposed Statement of Position: "Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts." (October 30, 2002)
The Fair Value Task Force discussed the application of fair value accounting principles to the liabilities associated with insurance contracts.
(September 30, 2002)
Academy letter to SEC nominating Richard Robertson to the Public Company Accounting Oversight Board. (August 28, 2002)
Academy letter to the House Committee on Financial Services on the definitions of "actuarial services" and "appraisal or valuation and fairness opinions" in H.R. 3763, the Public Company Accounting Reform and Investor Protection Act of 2002. (July 19, 2002)
Life, Health, and Property/Liability Financial Reporting Committees comment on NAIC exposure draft of Issue Paper 118. (April 19, 2002)
Joint RBC Task Force updated comparison of the three NAIC RBC formulas (Life, P&C and Health). (February 12, 2002)
Academy comments to FASB on Joint Working Group Draft "Standard and Basis for Conclusions, Financial Instruments, and Similar Items." (September 21, 2001)
Task Force on Fair Value letter to IASB on hybrid financial instrument accounting treatment. (May 29, 2001)
Committee on Life Insurance Financial Reporting and Committee on Property and Liability Financial Reporting comments on FASB Revised Exposure Draft: "Business Combinations and Intangible Assets — Accounting for Goodwill." (March 16, 2001)
