On 20 June 2013, the International Accounting Standards Board (IASB) published (for public comment) a revised draft of its proposals for accounting for Insurance Contracts. Key revisions include changes to the ways in which (a) changes in estimates to future profits and (b) the presentation of revenue and expenses, should be captured in financial statements. The aim of the proposals is to provide a uniform basis for accounting for insurance contracts; with a view to achieving greater clarity on the impact of insurance contracts on an entity's financial profile. Comments are invited in writing on the revisions until 25 October 2013.