Small business takeaways and need-to-know. Best practices - accounting, management and governance.
Excerpt: Many organizations are asking themselves about the viability of their reporting strategy as they reflect on the challenges resulting from changes in the accounting and regulatory environment, including the planned introduction of the FASB’s / IASB’s Measurement of Insurance Contracts standards and Solvency II’s Pillar 3 disclosures.
Efficiently integrating these new requirements into a flexible reporting environment that is capable of effectively addressing existing and new reporting requirements requires an enterprise reporting strategy involving people, process and technology.
Read introduction and download paper via A flexible reporting structure for insurance accounting and regulation changes: PwC.