Tentative Board Decisions

Tentative Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue an Accounting Standards Update.

January 22, 2014 Joint FASB/IASB Videoconference Board Meeting

Insurance Contracts. The FASB and the IASB discussed summaries of the feedback from comment letters, outreach (including with users of financial statements), and fieldwork on both the FASB's Exposure Draft, Insurance Contracts (Topic 834), and the IASB's 2013 Exposure Draft, Insurance Contracts.

No decisions were made by the FASB or the IASB.

Next Steps

The FASB will continue its discussions on the project in February, and the IASB will continue its discussions in March.