Setelah begitu banyak kontroversi mengenai penerapan IFRS mengenai kontrak asuransi pada tahun 2012 yang lalu, yaitu PSAK 62, PSAK 36 dan 28 Revisi 2011, akhirnya Dewan Standar Akuntansi IAI mengeluarkan revisi PSAK 36 dan PSAK 28 di akhir Desember 2012. Intisari perubahannya adalah sebagai berikut:

Gross Premium Valuation will be applied to the insurance industry in Indonesia

The net premium reserving regime in Indonesia will soon come to end. In early 2011, Indonesian Accounting Standard Board (DSAK IAI) has issued Exposure Draft on the revision of PSAK 36 on Accounting for  Life Insurance, and PSAK 62 (Insurance Contract), the latter adopts currently applicable international GAAP on insurance contract, IFRS 4 (Phase 1). This is part of the convergence process of Indonesian GAAP (PSAK) to International GAAP (IFRS).

PSAK 24 (Revised 2010) on Employee Benefit

In January 2011, Indonesian Financial Accounting Standards Board (DSAK IAI) has approved announcement of PSAK No. 24 (Revised 2010).

PSAK No. 24 Revised 2010 is Indonesian accounting standard on employee benefit cost, and it takes on the contents of currently applicable IAS 19, as part of convergence process of Indonesia accounting standard to international GAAP (IFRS). Two main differences with current PSAK No. 24 Revised 2004 are :