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FASB Issues Exposure Draft To Improve The Accounting For Financial Guarantee Insurance Contracts

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FASB Issues an Exposure Draft to Improve the Accounting for Financial Guarantee Insurance Contracts

Proposal Is Written in New FASB Format Designed to Enhance Understandability  

Norwalk, CT, April 18, 2007—The Financial Accounting Standards Board (FASB) today issued a proposal to improve the accounting for financial guarantee insurance contracts.  The proposal, Accounting For Financial Guarantee Insurance Contracts an Interpretation of FASB Statement No. 60, reduces diversity in practice and provides financial statement users with clearer, more comparable information and expanded disclosures. 

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