CPAs are focusing on the insurance industry. (American Institute of Certified Public Accountants) (Section II: Property & Casualty Premium Rankings)

National Underwriter Property & Casualty-Risk & Benefits Management, June, 1992 by Baily, John

While attention centers on Congressional efforts to bring federal regulation to the insurance industry, the insurance companies committee of the New York-based American Institute of Certified Public Accountants is working on a number of projects to provide audit and accounting guidance on insurance matters.

These projects are part of the committee's goal to promote the use of generally accepted accounting principles (GAAP) and reporting practices in the insurance industry. Central to this effort is a project to expand disclosures on risks and uncertainties for insurance companies. These projects come at a time when insurance companies are operating in a difficult environment marked by a deterioration in public confidence and questions being raised concerning...

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