Life and Health Insurance Entities — AICPA Audit and Accounting Guide

This guide summarizes new standards, guidance, and practices, and delivers "how-to" advice for handling audit and accounting issues common to the insurance industry. 

Updated with conforming changes as of May1, 2010, the guide includes relevant guidance contained in official standards and other technical sources. The guide offers practical guidance on recent developments in areas such as risk assessment, fair value measurements, and internal controls.  All content is reviewed by industry experts and approved by the appropriate AICPA senior technical committee(s).
The following new standards are particularly significant to this guide and are reflected in this edition:

•  FSP FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments (FASB ASC topic 325, Investments – Debt and Equity Securities, among other FASB ASC topics)
•  SSAP No. 43R, Loan-backed and Structured Settlements - Revised
•  SSAP No. 10R, Income Taxes – Revised, A Temporary Replacement of SSAP No. 10

For a topical listing of subject matter by chapter, click on the Table of Contents tab.