Stephen Cooper, a member of the IASB, presents an update for investors on the IASB’s insurance contracts project with changes that he believes will be beneficial to you. Steve and the IASB are delivering on their promise to deliver improvements on insurance contracts accounting. There is more work to do, therefore the journey continues. Key advances discussed in the article

The IASB has published a short Project Update: Definition of a Lease (February 2015) in the interest of providing feedback to stakeholders. The new definition demonstrates the IFRS Foundations commitment to extensively engage with its stakeholders. Feedback is welcomed as stakeholder views help in better understanding the implications of proposals. The result, better proposals. In fact, the IFRS Foundation is