volume 5, issue 4, P621-698 1999
DOI: 10.1017/s1357321700000635
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D.O. Forfar, N.B. Masters

Abstract: ABSTRACTThere is currently no international standard for profit reporting in life insurance companies. The paper sets out the issues which an international standard for life companies will need to address, bearing in mind compatibility with existing International Accounting Standards, in particular IAS 32 Financial Instruments: disclosure and presentation, IAS Exposure Draft E62 (now IAS 39); Financial instruments; recognition and measurement and the discussion paper of March 1997 prepared by the Steering Comm…

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