Summary
NEW YORK, June 3 /PRNewswire-USNewswire/ -- North American insurers and reinsurers applauded the joint decision of the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) to modify the timeline of the completion date of the convergence work plan for international accounting standards so it can provide additional time for public comment on its proposals.
Jerry de St. Paer, executive chairman of the Group of North American Insurance Enterprises (GNAIE), said the decision reflects "a commitment to a deliberate, diligent and participative process that values the input of stakeholders in developing comprehensive accounting standards of the highest quality."See the full content of this document
Extract
Gnaie Praises Modified Iasb-Fasb Convergence Timetable
"In particular, this direction would provide the IASB and FAS...
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