Demands have been made on the International Accounting Standards Board (IASB)
that it move quickly to improve financial reporting for the insurance industry.
for PwC reveals widespread dissatisfaction among analysts with the current
state state of insurance financial reporting, the firm claimed.
Ian Dilks, global insurance leader at the firm, said:”Feedback from global
insurance analysts is clear; they believe the current reporting situation is
harming the insurance industry and they are calling for the IASB and the FASB to
come to a conclusion and quickly.
“The desire for a swift solution is especially strong among life insurance
The research project saw interviews with more than 40 analysts across Europe,
the US and Australia. The key problem they see is that a lack on consistency in
reporting is leading to the undervaluation of insurance companies.
Many analysts believe that insurance was so distinct it required its own
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks