S1: The straight-line method computes the unearned premiums, policy by policy, on a pro-rata basis in resp unexpired periods of the respective insurance policies at the end of each period. S2: PFRS 17 exempts temporarily from some requirements of other PFRS in selecting accounting policies for insurance contract fe adequacy test. 53: Insurers shall disclose the following information that identifies and explains the amounts in it statements arising from insurance contract which includes its accounting policies for insurance contract and relat liabilities, income and expenses.
S1: The straight-line method computes the unearned premiums, policy by policy, on a pro-rata basis in resp unexpired periods of the respective insurance policies at the end of each period. S2: PFRS 17 exempts temporarily from some requirements of other PFRS in selecting accounting policies for insurance contract fe adequacy test. 53: Insurers shall disclose the following information that identifies and explains the amounts in it statements arising from insurance contract which includes its accounting policies for insurance contract and relat liabilities, income and expenses.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates
Section: Chapter Questions
Problem 30RQSC
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