Media Advisory 03/16/17

FASB ANNOUNCES NEW DATE FOR ROUNDTABLE ON PROPOSED IMPROVEMENTS TO INSURANCE ACCOUNTING


Norwalk, CT, March 16, 2017—The Financial Accounting Standards Board (FASB) has rescheduled a public roundtable meeting on its proposed improvements to accounting for long-duration contracts issued by insurance entities. The roundtable will take place on Wednesday, April 19, 2017, from 8:00 a.m. to 12:30 p.m. Eastern Daylight Time at the FASB offices at 401 Merritt 7, Norwalk, Connecticut 06856.

Registration to participate in the roundtable is closed. However, nonparticipating observers interested in attending the meeting in person can register in advance (seating is available on a first-come, first-served basis). Please note: those who registered to observe the original roundtable will need to register again.

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.