num_pages: 0
description: This resource will keep you up-to-date on current GAAP and statutory accounting and audit guidance as well as provide a good grounding on the industry its products and regulatory issues and the related transaction cycles that an insurance entity is involved with. Relevant guidance contained in standards issued through August 1 2015 is included. Key Reviews the characteristics of life insurance products as well as a background of all the related transaction cycles that an insurance entity is involved with; Provides helpful information for developing audit plans of life insurance entities (especially auditing investments inforce files reinsurance insurance revenues liabilities for future policy benefits income taxes and deferred acquisition costs); Easily educate your staff on life and health insurance; Accounting and auditing issues related to the Patient Protection and Affordable Care Act for assessments and premium stabilization programs (FASB ASC 720-50 SSAP No.106 Affordable Care Act Section 9010 Assessment and SSAP No. 107 Accounting for the Risk-Sharing Provisions of the Affordable Care Act); AICPA NAIC Task Force and the NAIC/AICPA Working Group document Best Insurance Regulator Access to Audit Documentation. SSAP No. 106 Affordable Care Act Assessments; SSAP No. 107 Accounting for the Risk-Sharing Provisions of the Affordable Care Act; SSAP No. 40R Real Estate Investments; SSAP No. 105 Working Capital Finance Investments.
language: English
title: Life and Health Insurance Entities - Audit and Accounting Guide
publisher: AICPA