IASB releases insurance contracts standard (Accounting Today) - The International Accounting Standards Board has issued its long-awaited standard for insurance contracts after more than a dozen years, requiring a consistent treatment for all types of insurance contracts, with insurance obligations now being accounted for using current values, instead of historical cost.
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Small Businesses Lose Confidence in Doing Business Abroad (CPA Practice Advisor) - Optimism and growth in doing business overseas remain strong among small businesses at 57 percent, but that represents a significant dip compared to last yearâs report, when it was as high as 96 percent