Proposed statement of position on confirmation of insurance policies in force : audits of stock life insurance companies;Confirmation of insurance policies in force : audits of stock life insurance companies Audits of stock life insurance companies; Exposure draft (American Institute of Certified Public Accountants), 1978, Apr. 5

Authors

American Institute of Certified Public Accountants. Auditing Standards Division

Files

Description

The audit guide suggests confirmation of insurance policies in force directly with policyholders; however, the audit guide does not discuss circumstances when confirmation would be appropriate and, as a result, practice has varied. The purpose of the Statement of Position is to identify those circumstances in which the independent auditor ordinarily should confirm insurance policies in force. This Statement of Postiion is applicable to both stock and mutual life insurance companies.

Publication Date

1978

Relational Format

Book

Keywords

Insurance, Life; Insurance, Life -- Accounting

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Division, "Proposed statement of position on confirmation of insurance policies in force : audits of stock life insurance companies;Confirmation of insurance policies in force : audits of stock life insurance companies Audits of stock life insurance companies; Exposure draft (American Institute of Certified Public Accountants), 1978, Apr. 5" (1978). Exposure Drafts, Comment Letters, and Statements of Position. 395.
https://egrove.olemiss.edu/aicpa_sop/395