SSAP Quarterly Update January 2016

Summary of Recent Changes as of 1/18/2016  2014-2015 Exposure Drafts produced by NAIC Financial Condition Committee (E)’s Accounting Practices and Procedures Task Force Emerging Accounting Issues Working Group              Section Description Status 2015-18 Appendix F...

What is a SOC?

Service Organization Controls Report (SOC) is an audit report issued by an independent auditor about the design and implementation of internal controls, and potentially the operating effectiveness of internal controls for a specified period of time. These reports are...

NONPROFIT CHANGES AHEAD

Recent financial reporting changes will impact your nonprofit organization, including changes to the financial statement model, changes to revenue recognition requirements, and changes to requirements for reporting in the State of Utah. We can give you the knowledge...