Description: Presenters examine some of the difficulties created by the absence of worldwide generally accepted accounting principles. Topics covered: 1. The need for worldwide Generally Accepted Accounting Principles, accounting, and reserving standards. 2. The work being done by the International Accounting Standards committee and the International Organization of Securities Commissions.

Description: This session at the SOA 2004 Annual Meeting covers the status of recent developments in international accounting standards for insurance, including Phase 1 for insurance companies, the IASB's likely direction for Phase 2, related activities of the International Actuarial Association, and company implementation issues.

Description: This session at the SOA 2004 San Antonio Spring Meeting looks at recent developments in international accounting standards for insurance including practical considerations and 'investment contract' accounting.