Statements of Position

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Description

This exposure draft provides guidance on certain significant aspects of internal accounting controls and auditing procedrues for property and liability reinsurance, including accident and health reinsurance. For ceded reinsurance, this draft provides guidance on internal accounting controls and related auditing procedures regarding the evaluation of the assuming company's financial responsibility and stability. For assumed reinsurance, the draft provides guidance on internal accounting controls and related auditing procedures regarding the assessment of the accuracy and reliability of data received from the ceding company. The draft also provides guidance on the auditor's tests of selected reinsurance contracts, transactions, and related balances and guidance on internal accounting controls and related auditing considerations for reinsurance transacted through an intermediary or broker.

ISBN

ed82-03-15t

Publication Date

1982

Relational Format

Book

Keywords

Reinsurance -- Standards; Insurance -- Accounting -- Standards

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; Exposure draft (American Institute of Certified Public Accountants), 1982, Mar. 15

Proposed auditing statement of position : auditing property and liability reinsurance ;Auditing property and liability reinsurance

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