Download or read book Auditor s Reporting on Statutory Financial Statements of Insurance Enterprises written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 1995 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proposed Statement of Position written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 1994 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audits of Property and Liability Insurance Companies written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 2002 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Insurance Industry Developments written by and published by . This book was released on 2004 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Statements Insurance written by Alex Dontoh and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fact that auditors are paid by the companies they audit creates an inherent conflict of interest with investors who rely on the audit report in their capital allocation decisions. We analyze how the provision of financial statement insurance could eliminate this conflict of interest and properly aligns the incentives of auditors with those of shareholders. We first show that when the benefits to obtaining funding are sufficiently large, the existing legal and regulatory regime governing financial reporting (and auditing) results in low quality financial statements. Consequently, the cash flows from firms are improperly identified and firms which yield a low rate of return (low fundamental value) are over-funded relative to firms characterized by a high rate of return (high fundamental value). We present a mechanism whereby companies would purchase financial statement insurance that provides coverage to investors against losses suffered as a result of misrepresentation in financial reports. The insurance coverage that the companies are able to obtain is publicized, as are the premiums paid for that coverage. The insurers would appoint and pay the auditors who attest to the accuracy of the financial statements of the prospective insurance clients. Firms announcing higher limits of coverage and smaller premiums would distinguish themselves in the eyes of the investors as companies with higher quality financial statements. In contrast, those with smaller or no coverage or higher premiums will reveal themselves as those with lower quality financial statements. Every company will be eager to get higher coverage and pay smaller premiums lest it be identified as the latter. A sort of Gresham's law would be set in operation, resulting in a flight to quality. As a result, when financial statement insurance is available, capital is generally provided to the most efficient firms.
Download or read book Audits of Fire and Casualty Insurance Companies written by American Institute of Certified Public Accountants. Committee on Insurance Accounting and Auditing and published by . This book was released on 1979 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audits of Fire and Casualty Insurance Companies written by American Institute of Certified Public Accountants. Auditing Standards Division and published by . This book was released on 1974 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audits of Stock Life Insurance Companies written by American Institute of Certified Public Accountants. Committee on Insurance Accounting and Auditing and published by . This book was released on 1991 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audit and Accounting Guide Life and Health Insurance Entities 2018 written by AICPA and published by John Wiley & Sons. This book was released on 2018-10-26 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book helps simplify the complexities of insurance entity regulatory compliance. Whether performing audit engagements or management at an insurance entity, the 2018 edition of this guide is a must-have resource to keep abreast of recent regulatory changes related to the life and health insurance industry, its products and regulatory issues, and the related transaction cycles that an insurance entity is involved with. New to the 2018 edition: This edition covers recent regulatory updates related to the Affordable Care Act and provides guidance for new standards that impact life and health insurance, including revenue recognition, financial instruments, leases, and more.
Download or read book Audits of Property and Liability Insurance Companies written by American Institute of Certified Public Accountants. Insurance Companies Committee and published by . This book was released on 1994 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audits of Property and Liability Insurance Companies written by and published by . This book was released on 1996 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property and Liability Insurance Industry Developments written by American Institute of Certified Public Accountants. Auditing Standards Division and published by . This book was released on 1991 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Observance of Standards and Codes Accounting and Auditing written by World Bank and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to gain an understanding of the financial reporting requirements for insurance companies in a jurisdiction in addition to or instead of the requirements for commercial enterprises in general. Unless otherwise stated, the term insurance company refers to both insurance and reinsurance companies. There are also questions in relation to the monitoring and enforcement capacity of the local insurance supervisor in respect of financial reporting of insurance companies specifically. Questions are based on the internationally recognized insurance core principles issued by the International Association of Insurance Supervisors. The report is structured as follows: overview of the insurance sector; financial reporting requirements for insurance companies; statutory audit and other forms of independent assurance; audit committees; filing and publication of financial statements; monitoring and enforcement: financial reporting; and corporate governance.
Download or read book Checklists and Illustrative Financial Statements for Property and Liability Insurance Companies written by and published by . This book was released on 2009 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Observance of Standards and Codes Accounting and Auditing written by Weltbank and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to gain an understanding of the financial reporting requirements for insurance companies in a jurisdiction in addition to or instead of the requirements for commercial enterprises in general. Unless otherwise stated, the term insurance company refers to both insurance and reinsurance companies. There are also questions in relation to the monitoring and enforcement capacity of the local insurance supervisor in respect of financial reporting of insurance companies specifically. Questions are based on the internationally recognized insurance core principles issued by the International Association of Insurance Supervisors. The report is structured as follows: overview of the insurance sector; financial reporting requirements for insurance companies; statutory audit and other forms of independent assurance; audit committees; filing and publication of financial statements; monitoring and enforcement: financial reporting; and corporate governance.
Download or read book Audits of Property and Liability Insurance Companies with Conforming Changes as of written by AICPA Property and Liability Insurance Companies Task Force and published by . This book was released on 2002 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audits of Property and Liability Insurance Companies written by and published by . This book was released on 1998 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
