FASB proposes delay to effective dates and alignment of transition dates due to COVID-19.
Updated: KPMG comments on the FASB’s proposal to defer the effective dates for its ASU on long-duration insurance contracts and to align the adoption and early adoption transition dates.
Proposed ASU on ASC 944
The FASB’s proposed ASU would:
Defining Issues: FASB defers the effective date for long-duration contracts
Financial reporting impacts of coronavirus
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