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Emerging Accounting Issues Working Group
Financial Condition (E) Committee
Accounting Practices and Procedures Task Force

The Emerging Accounting Issues Working Group responds to questions of application, interpretation and clarification that are generally much narrower in scope than development of a new Statement of Statutory Accounting Principle (SSAP). The EAIWG reaches a consensus position on a specific issue, and this consensus position is captured in an Interpretation (INT) of an SSAP. In no event shall a consensus opinion of the EAIWG amend, supersede or otherwise conflict with existing, effective SSAPs. For this reason, many times the EAIWG will refer items to the Statutory Accounting Principles Working Group.

Issues for consideration by the EAIWG can be submitted via a Form B to NAIC staff support.

2008 Charges

  1. Provide authoritative guidance on current statutory accounting issues, generally relating to application, interpretation and clarification of existing statutory accounting principles, by conducting quarterly meetings at NAIC National Meeting sites when necessary;
  2. Evaluate individual statutory accounting issues based on its established two meeting timeline and report its findings to the Accounting Practices and Procedures (E) Task Force.

Outstanding Tentative Positions and Exposure Drafts
Emerging Accounting Issues Working Group
Last Updated April 10, 2008

Comments on exposed tentative positions should be forwarded to jtittle@naic.org or rmarcotte@naic.org by the comment deadline above.

EXPOSURE OF NEW TENTATIVE INTERPRETATIONS

Form B /

Date Submitted

Raised By Tentative INT: Guidance Interpreted
March 29, 2008 GAAP INT 08-01 : EITF 06-7: Issuer’s Accounting for a Previously Bifurcated Conversion Option in a Convertible Debt Instrument When the Conversion Option No Longer Meets the Bifurcation Criteria in FASB Statement No. 133 SSAP No. 86
March 29, 2008 GAAP INT 08-02: EITF 06-8: Applicability of the Assessment of a Buyer’s Continuing Investment under FASB Statement No. 66 for Sales of Condominiums SSAP No. 77
March 29, 2008 GAAP INT 08-03: EITF 06-9: Reporting a Change in (or the elimination of) a Previously Existing Difference between the fiscal Year-End of a Parent Company and That of a Consolidated Entity or between the Reporting Period of an Investor and That of an Equity Method Investee SSAP No. 97 & 48
March 29, 2008 GAAP INT 08-04: EITF 07-3: Accounting for Nonrefundable Advance Payments for Goods or Services Received for Use in Future Research and Development Activities

SSAP No. 17, 29, & 87

March 29, 2008 GAAP INT 08-05: EITF 02-11: Accounting for Reverse Spinoffs SSAP No. 95

No related topics are available at this time.

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Regulators may access meeting minutes through MyNAIC.org. Non-Regulators may purchase meeting minutes through NAIC Store.

National Meeting Form B Deadlines
Please see the Meetings and Events page for meeting dates and locations.

Meeting Date Deadline
Spring 2008 Feb. 15, 2008
Summer 2008 April 30, 2008
Fall 2008  
Winter 2008  

Advance Meeting Materials

  • 2008 Spring National Meeting PDF | ZIP
  • 2007 Winter National Meeting PDF | ZIP
  • 2007 Fall National Meeting PDF | ZIP
  • 2007 Summer National Meeting PDF | ZIP

Meeting Summaries

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The following are additional documents and resources related the work of this committee.
Accounting Practices and Procedures Manual Updates
Form B

A guide to Status of Issues addressed by the EAIWG - Updated April 2008

Clarification for calculating the additional minimum pension liability under SSAP No. 89 paragraph 16f (02/10/2004) [PDF]
NAIC Policy Statement on Emerging Accounting Issues Agenda Process
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Ryan Couch
Accounting Policy Advisor
Phone: 816-783-8421
Fax: 816-460-7654

Julie Gann
Accounting Policy Advisor
Phone: 816-783-8966
Fax: 816-460-7821
Robin Marcotte
Manager II - Accounting & Reporting
Phone: 816-783-8124
Fax: 816-460-7571
John Tittle
Manager II - Accounting Policy
Phone: 816-783-8120
Fax: 816-460-7612
Please see the current Committee List for a complete list of committee members.