Description

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.