Join this panel discussion as experts in U.S. GAAP accounting discuss the latest developments and how
they affect the insurance industry from financial reporting and/or pricing perspectives. With the increasing
scrutiny on the controls of financial reporting, these newly developed regulations would present both
opportunities and challenges for actuaries. The presenters of this session will address the background,
objectives and implementation issues of the following newly adopted U.S. GAAP regulations:
• FAS 155;
• FAS 157;
• Financial Interpretation 48; and
• SOP 05-1.
This session is intended to provide you with an in-depth understanding of the objectives and highlights of
the implementation issues of these new regulations. You will then establish appropriate strategic plans to
implement the regulations.