NORWALK, Connecticut, Aug. 24 -- The Financial Accounting Standards Board issued the following news on Aug. 23, 2023: The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to (1) provide investors and other allocators of capital with more decision-useful information in a joint venture's separate financial statements and (2) reduce diversity in practice in this area of financial reporting. The ASU applies to the formation of entities that mee  more

NORWALK, Connecticut, Aug. 23 -- The Financial Accounting Foundation issued the following news release: The Financial Accounting Foundation (FAF) Board of Trustees today announced the appointment of Brad Hendricks to a three-year term on the Private Company Council (PCC) effective January 1, 2024, and the reappointments of Robert Messer and Doug Uhl to their second and final three-year terms beginning January 1, 2024. Brad Hendricks (academic) will succeed Michael Minnis on the PCC. He will be  more

WINDSOR, Connecticut, Aug. 24 (TNSres) -- LIMRA issued the following news release: Total U.S. pension risk transfer (PRT) sales were $16.2 billion in the second quarter, a 31% increase from the prior year. This marks the highest second quarter sales results ever recorded, according to LIMRA's U.S. Group Annuity Risk Transfer Sales Survey. In the first six months of 2023, PRT sales totaled $22.5 billion, a 28% increase from the same period in 2022. "Record sales in the first half of the year,   more

FAIRFIELD, Connecticut, Aug. 23 -- Save the Children, an organization that says it is giving children a healthy start in life, opportunity to learn and protection from harm, issued the following news release: At least 498 children in Sudan and likely hundreds more have died from hunger, including two dozen babies in a state orphanage, as critical services run out of food or close, said Save the Children. Since the violence broke out in April, Save the Children has been forced to close 57 of it  more

FAIRFIELD, Connecticut, Aug. 23 -- Save the Children, an organization that says it is giving children a healthy start in life, opportunity to learn and protection from harm, issued the following news release on Aug. 22, 2023: The number of child casualties in Ukraine from May to August was more than 16% higher than in the previous four-month span. Air and drone attacks tripled in this summer period as well, with no end to the danger faced by children after 18 months of war, Save the Children sa  more