Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Accounting Rule May Impact Broker M&A

Quick question: Who (or what) are FASB and GAAP and what do they have to do with the insurance brokerage mergers and acquisitions world? If your best guess involves a clouded recollection that Fasbee Gap opened at a Rolling Stones concert you attended in 1975, youre wrong.

FASB, or the Financial Accounting Standards Board, is actually a fun-loving group of accounting professionals responsible for establishing the rules of the accounting game, better known as GAAP (U.S. Generally Accepted Accounting Principles).

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.