March 30, 2016, letter commenting on the FASAB's "Insurance Programs Exposure Draft"

Published: Mar 30, 2016. Publicly Released: Mar 31, 2016.

Additional Materials:

Contact:

Gary T. Engel
(202) 512-2600
engelg@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This letter provides the U.S. Government Accountability Office's (GAO) comments on the Federal Accounting Standards Advisory Board's exposure draft (ED) entitled Insurance Programs. The ED defines terms relating to insurance programs and provides guidance for how and when insurance programs should recognize revenue, expenses, and liabilities. The ED also provides guidance for estimating losses for remaining coverage when contracts provide coverage after the financial reporting date. In addition, the ED updates existing disclosure guidance to encourage concise, meaningful, and transparent information.

Nov 16, 2017

Nov 15, 2017

Nov 9, 2017

Oct 20, 2017

Sep 26, 2017

Looking for more? Browse all our products here