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Latest industry US news & views
This month’s discussion and analysis of significant issues related to specific industries.
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FASB affirms deferral of long-duration contracts
October 17, 2019
The proposal to amend the effective date for long-duration contracts (targeted improvements) has been affirmed.
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Insurance statutory reporting – September 2019
September 04, 2019
KPMG’s latest summary of statutory accounting standards for 2019 and 2020 financial reporting by insurance companies
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Insurance: NAIC 2019 summer meeting
August 22, 2019
The NAIC discussed recent accounting changes and regulatory developments impacting insurance companies.
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Insurance statutory reporting – May 2019
May 31, 2019
KPMG’s latest summary of statutory accounting standards for 2018 and 2019 financial reporting by insurance companies
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FASB extends two private company alternatives to NFPs
May 30, 2019
FASB proposals would change the accounting for goodwill and intangible assets for not-for-profits.
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Accounting for convertible debt & contracts on an entity’s own equity
September 12, 2019
KPMG professionals discuss the application of ASC 470-20 and 815-40, and expected proposed updates from the FASB.