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Technical

Property and Liability Insurance Entities - Audit and Accounting Guide Logo aicpa

  $79.00 - 99.00 |   AICPA |   Nov 2019 |   AICPA Store
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
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
  • 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.
How will this product help you with the work on your desk?
  • Current guidance on the property and liability insurance industry, its products and regulatory issues, and the related transaction cycles an insurance entity is involved with.

Stay up−to−date on current GAAP and statutory accounting and audit guidance for property and liability insurance entities.

The 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.

Updates:

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

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Fair value, Intermediate
  • Assurance: Technical: Audit: Authoritative guidance, Intermediate

Comments/Reflections