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The AICPA Insurance Companies Committee has reviewed existing accounting literature dealing with variances between (a) generally accepted accounting principles and (b) practices prescribed or permitted by insurance regulatory authorities as those practices relate to title insurance companies and has identified areas in which further clarification seems necessary. The committee has also identified certain areas that are not covered in present accounting literature. An exposure draft of a proposed statement of position on Accounting for Title Insurance Companies was issued for comment on May 1, 1978, and a public hearing on it was held on July 17, 1978. Comments received on the exposure draft and presentations made at the public hearing were considered in preparing this revised exposure draft.
Insurance, Title -- United States -- Accounting
Accounting | Taxation
American Institute of Certified Public Accountants. Insurance Companies Committee, "Proposed statement of position on accounting for title insurance companies;Accounting for title insurance companies" (1979). Statements of Position. 404.