NEWS RELEASE 10/02/13
FASB to Hold Roundtable Meetings on Insurance ProposalNorwalk,
CT—October 2, 2013—The Financial Accounting Standards Board (FASB) will
host public roundtable meetings on its June 27, 2013 Proposed Accounting
Standards Update, Insurance Contracts (Topic 834).
roundtable meetings are an important part of the FASB´s due process on the Exposure
Draft. The meetings will provide an opportunity for those who have submitted
a comment letter, or who still intend to submit a comment letter, to discuss the
proposals with the FASB and the International Accounting Standards Board in
further detail. To ensure that the Boards receive input covering a variety of
perspectives, the Boards are seeking participation from preparers, auditors,
investors, and others.
Information for those requesting to participate
and for observers is available on the Insurance Contracts project
page on the FASB website.
The December 2 roundtables will be webcast
live on the FASB website. Additionally, audio
recordings of both the December 2 and December 16 roundtable meetings will
be made available shortly after each meeting on the FASB website.
dates, times, and locations of each public roundtable meeting follow:
Monday, December 2, 2013
Location: FASB offices, 401 Merritt 7,
Norwalk, Connecticut, 06856
Session 1: 9:00 a.m. – 12:00 p.m. EST
Session 1 discussion will include topics specific to the Building Block
Session 2: 1:00 p.m. – 4:00 p.m. EST
discussion will include topics specific to the Premium Allocation
Location: Westin O´Hare Hotel, 6100 North River Road, Rosemont,
Session 1: 9:00 a.m. – 12:00 p.m. CST
Session 1 discussion will focus on issues for nonpublic and medium-sized
companies and organizations
Session 2: 1:00 p.m. – 5:00 p.m. CST
Session 2 discussion will include scope considerations and topics related to
the Building Block Approach and Premium Allocation Approach
requesting to participate in the roundtables should complete and submit an
application form on the FASB website by Friday, November 1, 2013. Observer
registration is required in advance; space is limited, so observer
registrants will be accepted on a first come, first served basis.
more information about the roundtables, visit http://www.fasb.org/.
the Financial Accounting Standards Board
Since 1973, the
Financial Accounting Standards Board has been the designated organization in the
private sector for establishing standards of financial accounting and reporting.
Those standards govern the preparation of financial reports and are officially
recognized as authoritative by the Securities and Exchange Commission and the
American Institute of Certified Public Accountants. Such standards are essential
to the efficient functioning of the economy because investors, creditors,
auditors, and others rely on credible, transparent, and comparable financial
information. For more information about the FASB, visit our website at http://www.fasb.org/.