Auditing and Accounting Guide: Life and Health Insurance Entities, 2015

ISBN-13: 9781943546015 / Angielski / Miękka / 2016 / 704 str.

AICPA

Opis

This resource will keep you up-to-date on current GAAP and statutory accounting and audit guidance as well as provide a good grounding on the industry, its products and regulatory issues, and the related transaction cycles that an insurance entity is involved with. Relevant guidance contained in standards issued through August 1, 2015 is included. Key Benefits:

• Reviews the characteristics of life insurance products, as well as a background of all the related transaction cycles that an insurance entity is involved with.
• Provides helpful information for developing audit plans of life insurance entities (especially auditing investments, inforce files, reinsurance, insurance revenues, liabilities for future policy benefits, income taxes and deferred acquisition costs).
• Easily educate your staff on life and health insurance.
• Accounting and auditing issues related to the Patient Protection and Affordable Care Act for assessments and premium stabilization programs (FASB ASC 720-50, SSAP No.106, Affordable Care Act Section 9010 Assessment, and SSAP No. 107, Accounting for the Risk-Sharing Provisions of the Affordable Care Act).
• AICPA NAIC Task Force and the NAIC/AICPA Working Group document, Best Practices: Insurance Regulator Access to Audit Documentation.

Updates:

• SSAP No. 106, Affordable Care Act Assessments
• SSAP No. 107, Accounting for the Risk-Sharing Provisions of the Affordable Care Act
• SSAP No. 40R, Real Estate Investments
• SSAP No. 105, Working Capital Finance Investments

Who Will Benefit:

• CFOs, Financial managers and staff at life and health insurance entities
• Practitioners with life and health insurance clients
• Users of property and liability insurance entity financial statements

O autorze

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule–making and standard–setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession′s technical and ethical standards.

The AICPA′s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.