Recently, the AICPA issued several technical practice aids (TPAs) in the form of nonauthoritative Q&As that address selected practice issues. Two of these TPAs are related to ASU 2010-26¹ and the accounting for deferred acquisition costs by insurance entities:

• TIS Section 6300.39, “Cumulative Effect of Change in Accounting Principle — ASU No. 2010-26.”
• TIS Section 6300.40, “Deferrable Commissions and Bonuses Under ASU No. 2010-26.”

In addition, four of the TPAs are relevant for health care entities:

• TIS Section 6400.49, “Presentation of Claims Liability and Insurance Recoveries — Contingencies Similar to Malpractice.”
• TIS Section 6400.50, “Accrual of Legal Costs Associated With Contingencies Other Than Malpractice.”
• TIS Section 6400.51, “Presentation of Insurance Recoveries When Insurer Pays Claims Directly.”
• TIS Section 6400.52, “Insurance Recoveries From Certain Retrospectively Rated Insurance Policies.”

Finally, one TPA applies to independent auditors’ reviews of interim financial information:

• TIS Section 9170.02, “Supplementary Information That Accompanies Interim Financial Information.”

If you have questions about the above Q&As, please contact the AICPA’s Technical Hotline.

1 FASB Accounting Standards Update No. 2010-26, Accounting for Costs Associated With Acquiring or Renewing Insurance Contracts — a consensus of the FASB Emerging Issues Task Force.