Insurance Europe urges IASB to amend draft accounting standard
Insurance Europe has welcomed the revised proposals by the International Accounting Standards Board to account for insurance contracts (IFRS 4 Phase II) but has asked for further amendments to the current proposals to achieve a workable accounting standard.
"The IASB has made considerable strides in addressing the concerns raised by insurers since the original draft in 2010," said Olav Jones, deputy director general of Insurance Europe.
"However, a
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