(AICPA Audit and Accounting Guide) 1st Edition
by AICPA (Author)
Stay up-to-date on current GAAP and statutory accounting and audit guidance for property and liability insurance entities. This guide provides a good grounding on the industry, its products and regulatory issues, and the related transaction cycles that a property and liability insurance entity is involved with.
Relevant guidance contained in standards issued through September 1, 2019, is covered, including the following:
- FASB ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities
- SSAP No. 26R, Bonds
- SSAP No. 43R, Loan-backed and Structured Securities
- SSAP No. 97, Investments in Subsidiary, Controlled and Affiliated Entities
- Revised for SSAP No. 101, Income Taxes, and NAIC INT 18-03, Additional Elements Under the Tax Cuts and Jobs Act
Key topics covered:
- Understand current GAAP and statutory accounting for property and liability insurance entities.
- Get authoritative accounting and auditing guidance applicable to property and liability
- 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.
