Insurance: May 2023 SAPWG call
Issues and Trends | May 2023
乐鱼（Leyu）体育官网 reports on actions taken by the Statutory Accounting Principles Working Group on the May 2023 conference call.
Applicability
- All insurance companies
Key impacts
The Statutory Accounting Principles Working Group (SAPWG) adopted the following guidance:
- The effective date of INT 22-02 was extended through August 16, 2023. The INT provides an exception to insurers when assessing the effects on the insurer鈥檚 valuation allowance and deferred tax assets from the Corporate Alternative Minimum Tax.
SAPWG exposed revisions to the following guidance:
- SSAP No. 34 to further clarify disclosures and incorporate a practical expedient for the paid-in-kind interest aggregate disclosures.
- SSAP Nos. 43R and 48 to clarify the scope and reporting of residual interests and residual security tranches.
Report contents
- Meeting highlights
- Accounting highlights
- 乐鱼（Leyu）体育官网 Financial Reporting View
- Acknowledgments
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Issues & Trends: May 2023 SAPWG Call
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