After announcing a proposed one-year deferral of the effective date for Targeted Improvements to the Accounting for Long Duration Contracts (LDTI) in June, FASB is expected to issue the final amendment soon to ratify the decision. This will push...

The Financial Accounting Standards Board (FASB) announced a potential deferral to their standard, Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) on July 17.