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Publications

Life and Health Insurance Entities - Audit and Accounting Guide

Publisher: AICPA
  • $69.00-$89.00
    Life and Health Insurance Entities - Audit and Accounting Guide 12/22/2016 Product #: AAGLHI16P
    AICPA Member: $69.00
    Non-Member: $89.00
  • $59.00-$69.00
    Life and Health Insurance Entities - Audit and Accounting Guide eBook Download Product #: AAGLHI16E
    AICPA Member: $59.00
    Non-Member: $69.00
  • $59.00-$69.00
    Life and Health Insurance Entities Guide Online Access Product #: WLH-XX
    AICPA Member: $59.00
    Non-Member: $69.00

Whether you’re a CPA performing audit engagements or management at an insurance entity, it is critical for you to understand and be current on the specialized accounting and regulatory requirements you’re subject to. This resource brings you the practical, how-to accounting and auditing guidance you need to stay compliant.

The 2016 edition provides valuable background on the life and health insurance industry, products and regulatory issues, and the related transaction cycles that an insurance entity is involved with. It covers recent regulatory updates, including providing information on the Affordable Care Act, and the recently-issued standards for financial instruments, leases, and revenue recognition.

Key Benefits

  • 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)
  • Allows you to easily educate your staff on life and health insurance
  • Includes 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)
  • Provides AICPA NAIC Task Force and the NAIC/AICPA Working Group document, “Best Practices: Insurance Regulator Access to Audit Documentation”

Updates

  • ASU No. 2015-09, Financial Services—Insurance (Topic 944): Disclosures about Short-Duration Contracts
  • AICPA Technical Questions and Answers, Section 9180, Required Supplementary Information
  • SSAP No. 103R, Transfers and Servicing of Financial Assets and Extinguishments of Liabilities
  • SSAP No. 97, Investments in Subsidiary, Controlled, and Affiliated Entities
  • SSAP No. 106, Affordable Care Act Assessments
  • SSAP No. 107, Accounting for the Risk-Sharing Provisions of the Affordable Care Act, and NAIC INT 15-01: ACA Risk Corridor Collectibility

Who Will Benefit

  • Business and industry financial managers need this product to stay up to date with current GAAP and statutory accounting relevant to life and health insurance entities.
  • Small firms need this product to stay up to date on current GAAP and statutory accounting and audit guidance related to life and health insurance entities. This product also provides a good background of the life and health insurance industry, products and regulatory issues.
  • Large firms need this product to serve as background on GAAP and statutory accounting and audit guidance related to life and health insurance entities.
  • Users of life and health insurance entity financial statements need this product for background on the industry, and information on current GAAP and statutory accounting for life and health insurance entities.

Information About the eBook Option

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

  • Download and activate Adobe Digital Editions® - a free program for accessing eBooks
  • Return to the AICPA Store and go to My Account > My Downloads
  • Click the eBook title to download and open automatically in Adobe Digital Editions

Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the AICPA Store Service Center at service@hq.cpa.com or call 888-777-7077.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.