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FRC Submits Letter to IASB on Treatment of Participating Contracts

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Publish Date:

09/02/2014

Category:

Policy & Research

Topics:

ASB, Financial Reporting, Risk Management

The Financial Reporting Committee (FRC) submitted a letter to the International Accounting Standards Board on the treatment of participating contracts within the IFRS Foundation’s insurance contracts project that includes discussions on book-yield and effective-yield approaches.