FASB proposes to delay insurance standard in response to coronavirus, but ease early adoption

The Financial Accounting Standards Board released a proposed accounting standards update to help insurance companies adversely affected by the COVID-19 pandemic by giving them an extra year to implement the long-duration insurance accounting standard.

Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-to-delay-insurance-standard-in-response-to-coronavirus-but-ease-early-adoption