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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.
2008 Charges
- 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;
- 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.
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