AICPA Audit and Accounting Guide: Property and Liability Insurance Entities 2019

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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 ActivitiesSSAP No. 26R, BondsSSAP No. 43R, Loan-backed and Structured SecuritiesSSAP No. 97, Investments in Subsidiary, Controlled and Affiliated EntitiesRevised for SSAP No. 101, Income Taxes, and NAIC INT 18 03, Additional Elements Under the Tax Cuts and Jobs ActKey topics covered:Understand current GAAP and statutory accounting for property and liability insurance entities.Get authoritative accounting and auditing guidance applicable to property and liabilityUnderstand 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.