Auditing and Accounting Guide: Property and Liability Insurance Entities, 2015

ISBN-13: 9781943546039 / Angielski / Miękka / 2017 / 624 str.

AICPA

Opis

This property and liability insurance guide will keep you up-to-date on current GAAP and Statutory accounting and audit guidance, and provides 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 July 1, 2015 is included. Key Benefits:

• Understand current GAAP and Statutory accounting for property and liability insurance entities
• Get authoritative accounting and auditing guidance applicable to property and liability insurance entities
• Properly develop an audit plan for auditing loss reserves
• Easily educate your staff on property and liability insurance

Updates:

• FASB Accounting Standards Update (ASU) No. 2015-09, Financial Services - Insurance (Topic 944), Disclosures about Short-Duration Contracts
• SSAP No. 40R, Real Estate Investments
• 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.

Who Will Benefit:

• CFOs, Financial managers and staff at property and liability insurance entities
• Practitioners with property and liability 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.