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.

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Get authoritative accounting and auditing guidance.

Who Will Benefit

  • 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

Key Benefits

  • 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.

Get current guidance on the property and liability insurance industry, its products and regulatory issues, and the related transaction cycles an insurance entity is involved with.

This edition contains updates issued through September 1, 2018 that have a major impact on insurance entities, including FASB ASU No. 2016-01 and AICPA Q&A Section 7100.15: Insurance Companies and the Definition of Public Business Entity.

Also in this edition

Recent updates related to the Affordable Care Act, revenue recognition, financial instruments, leases, and more.


  • 606-10-15-4 to Contracts Within the Scope of FASB ASC 944
  • SSAP No. 107, Risk-Sharing Provisions of the Affordable Care Act, update for risk corridors
  • SSAP No. 106, Affordable Care Act Section 9010 Assessment, update for INT 18-02: ACA Section 9010 Assessment Moratoriums
  • SSAP No. 26R, Bonds
  • SSAP No. 43R, Loan-Backed and Structured Securities
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American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

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