The confluence of international accounting standards with U.S. accounting standards is a "wake-up call for everyone including analysts, according to Steve Ader, a director with Standard & Poor's Corp., New York.
The discussion of international accounting events was held during a panel session at the recent S&P 2008 Insurance Conference in New York.
U.S. participation in the development of international standards was also an issue raised during the National Association of Insurance Commissioners, Kansas City, Mo., according to discussions held during the International Insurance Relations "G" Committee at the recent summer NAIC meeting.
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