Description: Articles appearing recently in other publications that may be of interest to financial reporting actuaries.

Description: A review of Actuarial Guideline AXXX

Description: Since insurance contract liabilities are uncertain in amount, an estimate is required. And under most accounting frameworks, the estimate of an uncertain amount should contain some sort of margin for uncertainty. This paper provides a mathematical connection between that margin and the market price of risk as measured by the cost of capital. The connection makes use of the theory of utility and an exponential utility curve.

Description: This article discusses the joint project between the Financial Accounting Standards Board and the International Accounting Standards Board. Their goal is to change the accounting standards for financial instruments. This project will affect the accounting for many of the assets that back insurance contracts.

Description: Feature article describing the saga of the IASB’s and FASB’s joint Exposure Draft on Insurance Contracts.

Description: Now that foreign filers can use the IFRS as their basis for financial reporting without any reconciliations to US GAAP, it is now important to stay abreast of international financial regulatory developments. This article discusses one of the most important developments - the issuance of the Discussion Paper, Preliminary Views on Insurance Contracts by the IASB.

Description: Article discussing upcoming developments regarding GAAP: 1.replacement of existing US GAAP with IFRS, 2. accounting for insurance contracts, 3. revenue recognition, and 4. revising the accounting for financial instruments

Description: Complete issue of the June 2011 Financial Reporter newsletter.

Description: March 2011 issue of the Financial Reporting Section newsletter, Financial Reporter.

Description: Article announcing an upcoming monograph which will deal with methods for determining an appropriate rate of discount for financial reporting under international accounting standards.