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In the spotlight
IASB issues its Exposure Draft On 30 July 2010, the International Accounting Standards Board (IASB) issued their Exposure Draft (ED) on IFRS 4 Insurance Contracts. In response to the Exposure Draft, Ernst & Young produced a special report that summarizes the main points of the IASB's draft on IFRS 4.
With the act’s wide-reaching ramifications, it is critical that insurers remain engaged as the reform process moves forward and prepare for what may lie ahead