I had the opportunity to listen to a conference call hosted by Sandler O’Neill about the Financial Accounting Standards Board’s insurance contract accounting proposal. This is a topic that I covered in a blog post on August 28 titled Should IROs Care? – FASB’s newest proposal for insurance contract accounting.
The key takeaway from the Sander call is that investors (the users of financial statements) do not have a favorable view of the proposal. There was strong encouragement for companies and investors to submit comment letters to the FASB on this topic. Comments are due by October 25, 2013.
Filed under: Investor Relations |