Media Advisory 10-15-10


Financial Accounting Standards Board Announces Joint FASB/IASB Public Roundtable Meetings on Insurance Contracts

Norwalk, CT, October 15, 2010—The Financial Accounting Standards Board (FASB) has announced it will host joint public roundtable meetings with the International Accounting Standards Board (IASB) to discuss the FASB’s September 2010 Discussion Paper, Preliminary Views on Insurance Contracts, and the IASB’s July 2010 Exposure Draft, Insurance Contracts. The roundtables are designed to provide interested stakeholders the opportunity to engage in a constructive dialogue about the Discussion Paper/Exposure Draft.

The U.S. roundtable is scheduled as follows:

Monday, December 20, 2010
Joint FASB/IASB Public Roundtable Meetings on the FASB Discussion Paper and IASB Exposure Draft on Insurance Contracts
Exact times to be announced
Location: FASB offices, 401 Merritt 7, Norwalk, CT 06856

To ensure the Boards receive broad-based input, meeting participants will represent a wide variety of perspectives, including those of preparers, auditors, investors, and other users of financial statements.

Those interested in participating in the public roundtable should e-mail their request to by November 15, 2010.

Those interested in observing the roundtable must pre-register. Since seating is limited, no more than three observers from the same organization may attend. The roundtable will be audiocast at

In addition to the U.S. roundtable, the FASB and the IASB plan public roundtable meetings in Tokyo, Japan (Thursday, December 9) and London (Thursday, December 16). Details about these sessions and how to register for them are available at

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at