April 2013

ParenteBeard Selected to Participate in
FASB External Review of Insurance
Contracts Exposure Draft

ParenteBeard has been selected to take part in the external review of the Financial Accounting Standards Board (FASB) 2013 Insurance Contracts Exposure Draft. The firm is the only non Big Four public accounting firm invited to have a role in this review process. Following the review, our insurance team will provide the FASB with feedback on the Exposure Draft to determine if it is understandable, operational and if there are any untended consequences from the Exposure Draft.

Our insurance team of professionals is led by Partner Ken Hugendubler, who brings over 23 years of experience in accounting and private industry. A recognized industry leader, Mr. Hugendubler is past chair of the Pennsylvania Institute of Certified Public Accountants’ Insurance Conference Committee. He has been appointed to the American Institute of Certified Public Accountants’ Insurance Expert Panel and also holds memberships in the National Association of Insurance Commissioners, Insurance Accounting and Systems Association, New York Insurance Association, Life Insurance Council of New York and Pennsylvania Association of Mutual Insurance Companies.

In Best’s Review, January 2013 issue, the firm’s insurance team ranked 13th in the U.S., based on the number of clients ParenteBeard provides service to that are rated by the A.M. Best Company, a full service credit organization dedicated to serving the insurance industry. Policy holders refer to A.M. Best’s ratings and analysis as a means of assessing the financial strength and credit worthiness of risk-bearing entities and investment vehicles.

Visit ParenteBeard’s insurance team’s page for more information on our service offerings and how we can help you.

Ken Hugendubler
Insurance Industry Practice Leader
Ken.Hugendubler@ParenteBeard.com | 215.972.2330

ParenteBeard LLC: Confidence Through Clarity