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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.
2012 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 and other meetings and conference calls 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.
Exposed Items:
The deadline to submit comments on exposed items or to submit new items is January 6, 2012. Any comments or new items should be forwarded to Jgann@naic.org, jtittle@naic.org, and rmarcotte@naic.org
| EXPOSURE
OF NEW TENTATIVE INTERPRETATIONS |
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Tentative INT |
Raised By |
Guidance Interpreted |
Tentative Consensus |
Incorporate INTs into SSAPs "2000 Series" |
NAIC Staff |
Proposes revisions to move guidance from the “2000” series INTs into SSAPs in accordance with the adopted initiative “Incorporate Interpretation Guidance into the SSAPs” |
Exposed proposed revisions to SSAPs from review of INTs (2000 series). This item identifies the INTs proposed to be nullified, with guidance included in a SSAP, as well as those INTs proposed to be retained within Appendix B of the NAIC AP&P Manual.
(Recommendations to revise SSAPs will be forwarded to the SAPWG for adoption before incorporated into the AP&P Manual.) |
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