Accounting Standard Updates
12 Days of SSAP (INT 01-25—Accounting for U.S. Treasury Inflation-Indexed Securities)
As the holidays approach, JLK Rosenberger is taking a new perspective on a holiday classic – the Twelve Days of Christmas. Rather than filling your head with turtle doves and gold rings, we are going to instead focus on the latest changes to SSAP and how they will impact your insurance company in 2018 and beyond.
On the 6th day of SSAP JLK Rosenberger told to me – U.S. Treasury Inflation-Indexed Securities.
INT 01-25—Accounting for U.S. Treasury Inflation-Indexed Securities (INT 01-25): This update clarifies that the guidance in INT 01-25 only applies to Treasury Inflation-indexed securities that are backed by the full faith and credit of the US Government.
Inflation-indexed securities of foreign governments shall not follow the guidance within INT 01-25.