2018 (AICPA Audit and Accounting Guide) 2nd Edition
by AICPA (Author)
Get authoritative accounting and
auditing guidance. Educate staff on the property and liability insurance
industry, its products and regulatory issues, and the related
transaction cycles an insurance entity is involved with. This guide
contains updates on current GAAP and statutory accounting and audit
guidance, as well as relevant guidance contained in standards issued
through September 1, 2018 which have a major impact on insurance
entities, including:
- FASB ASU No. 2016-01 and AICPA Q&A Section 7100.15: Insurance Companies and the Definition of Public Business Entity
- Revenue
Recognition Implementation Issue: Considerations for Applying the Scope
Exception in FASB ASC 606-10-15-2 and 606-10-15-4 to Contracts Within
the Scope of FASB ASC 944
