Property and Liability Insurance Entities - Audit and Accounting Guide
Covers the property and liability insurance industry, its products and regulatory issues, and related transaction cycles.
Stay up-to-date on current GAAP and statutory accounting and GAAS auditing 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.
Relevant guidance contained in standards issued through August 1, 2021, is covered, including the following:
- Statement on Auditing Standards (SAS) No. 139, Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes From SAS No. 134.
- SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements and related guidance
- ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
- SSAP No. 97, Investments in Subsidiary, Controlled, and Affiliated Entities
- SSAP No. 106—Affordable Care Act Section 9010 Assessment
- NAIC’s Model Audit Rule
- Implementation Guide included in Appendix G of the Accounting Practices and Procedures Manual
- AICPA Audit and Accounting Guide, "Credit Losses"
- ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments — Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments
- 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
- Get authoritative and nonauthoritative accounting and auditing guidance applicable to property and liability insurance entities
- Get illustrative audit reports that reflect recent changes from SAS No. 134 and related guidance.
- Understand current GAAP and statutory accounting for property and liability insurance entities
- Properly develop an audit plan for auditing loss reserves.
Group ordering for your team
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact email@example.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.