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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.
2010 Charges
- Provide authoritative guidance on current statutory accounting issues, generally relating to application, interpretation and clarification of existing statutory accounting principles, by conducting meetings at NAIC national meeting sites when necessary.
- Evaluate individual statutory accounting issues based on its established two-meeting timeline and report its findings to the Accounting Practices and Procedures Task Force.
Exposed Items:
Comments on following exposed tentative positions should be forwarded to jtittle@naic.org or rmarcott@naic.org by the September 16, 2010 comment deadline.
| EXPOSURE
OF NEW TENTATIVE INTERPRETATIONS |
|
Tentative INT |
Raised By |
Guidance Interpreted |
Tentative Consensus |
INT 07-05T
Item EITF 06-10 |
GAAP Hierarchy |
EITF 06-10: Accounting for Deferred Compensation and Postretirement Benefit Aspects of Collateral Assignment on Split-Dollar Life Insurance Arrangements |
Exposed with recommendation to move the tentative interpretation to the other listing without finalizing. Guidance related to the issues of control and ownership has been included in SSAP No. 21. |
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