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Exposure Drafts, Comment Letters, and Statements of Position
Insurance -- United States -- Reserves -- Auditing; Insurance
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Full-Text Articles in Business
Proposed Statement Of Position : Auditing Insurance Entities' Loss Reserves : Proposed Supplement To Aicpa Audit And Accounting Guide, Audits Of Property And Liability Insurance Companies;Auditing Insurance Entities' Loss Reserves : Proposed Supplement To Aicpa Audit And Accounting Guide, Audits Of Property And Liability Insurance Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1991, Sept. 16, American Institute Of Certified Public Accountants. Auditing Insurance Entities' Loss Reserves Task Force
Proposed Statement Of Position : Auditing Insurance Entities' Loss Reserves : Proposed Supplement To Aicpa Audit And Accounting Guide, Audits Of Property And Liability Insurance Companies;Auditing Insurance Entities' Loss Reserves : Proposed Supplement To Aicpa Audit And Accounting Guide, Audits Of Property And Liability Insurance Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1991, Sept. 16, American Institute Of Certified Public Accountants. Auditing Insurance Entities' Loss Reserves Task Force
Exposure Drafts, Comment Letters, and Statements of Position
This proposed statement of position (SOP) is designed to provide guidance to auditors when auditing management's estimate of the liability for loss reserves of property and liability insurance entities. Following is a summary of some of the more significant matters discussed in the proposed SOP: 1. Methods available for estimating the liability for loss reserves and the types of data that may be used in developing such estimates, including an example of the application of a commonly used estimating method illustrating how the method may be used with two different types of data and a discussion of the difference in …