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.

Feb 23, 2017

Feb 16, 2017

Feb 15, 2017

Feb 9, 2017

Jan 12, 2017

Dec 9, 2016

Nov 15, 2016

Nov 14, 2016

Looking for more? Browse all our products here