Exposure draft issued on accounting by insurance enterprises for deferred acquisition costs.
A final SOP would be effective for internal replacements occurring in fiscal years beginning after Dec. 15, 2003, with earlier adoption encouraged. Restatement of previously issued annual financial statements is not permitted. Initial application of this SOP should be as of the beginning of an entity's fiscal year (i.e., if the SOP is adopted prior to the effective date and during an interim period, all prior interim periods of the year of adoption should be restated).
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|Title Annotation:||accounting & auditing news|
|Article Type:||Brief Article|
|Date:||May 1, 2003|
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