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International Accounting Standards are steadily becoming the norm. The European Union agreement that all listed companies in Europe must comply by the year 2005 has hastened the process further. This brings particular challenges for all organisations in the financial services world but for insurance companies in particular. The authors assess what changes will be required in insurance company reporting and lay particular stress on risk management.
Balance Sheet – Emerald Publishing
Published: Sep 1, 2002
Keywords: Insurance; Accounting standards; Financial reporting; Risk management; European Commission
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