Proposed Changes to US GAAP: An impact analysis of proposed targeted improvements

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By Karthik Yadatore, Craig W. Reynolds, William C. Hines, Shamit Gupta, Zi Xiang Low | 06 June 2017
The Financial Accounting Standards Board (FASB) has proposed significant changes to accounting standards for long duration insurance contracts to address several stakeholder concerns. This report discusses the impact of the FASB’s proposed changes on earnings and equity for several illustrative product types and the industry’s preparedness to adopt the new guidance.