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2009 Charges
- Assist the Task Force with the international accounting focus area in the Solvency Modernization Initiative.
- Critically review and provide input and drafting to the IAIS Insurance Contracts Subcommittee, and on other IAIS papers as assigned by the parent Task Force. From this work, identify future initiatives to improve our regulatory solvency system.
- Analyze other financial supervisory modernization initiatives, to the extent appropriate. Analysis should include the following:
- accounting standards being developed by the International Accounting Standards Board (IASB).
- Monitor and provide comments directly or to the IAIS on the developments of the International Accounting Standards Board (IASB) and on the IASB and Financial Accounting Standards Board (FASB) joint convergence projects related to insurance accounting issues; and
- Report findings relative to these developing issues to the Accounting Practices and Procedures (E) Task Force.
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