Tillinghast survey points to global accounting standards for US
A significant majority (81%) of North American life insurance company CFOs believe that the US and Canada will eventually join with Europe in adopting a global accounting standard for insurance within the next 10 years, according to the Tillinghast’s latest CFO survey.
However, only about one-quarter (28%) of respondents believe it will happen within the next five years. According to the survey opinion is split on whether fair value will be the chosen standardOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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