Community Action
Plan
Who
We Are
The
Insurance Industry Community (the Commiunity) is a multi-disciplinary statewide
commiunity of the New York State Society of Certified Public Accountants
(NYCPA) that acts as a resource to society members and the public regarding
current and developing domestic and international accounting issues and
regulations, financial and management reporting, and business issues affecting
the insurance industry.
What
We Do
The
Community’s objectives include but are not limited to:
·
Addressing
technical questions from NYCPA members.
·
Providing
continuing professional education and presentation opportunities by conducting
educational conferences and technical sessions in coordination with the
Foundation for Accounting Education (FAE).
·
Monitoring
new accounting rules and legislation related to the insurance
industry.
·
Offering
opportunities to provide comments on proposed new domestic and international
standards, exposure drafts, pronouncements, or similar documents, as well as
implementation and interpretive guidance.
·
Establishing
community liaisons with other Society communities, where
applicable.
·
Sponsoring
a conference each year, featuring relevant industry speakers, for members and
interested parties.
·
Providing
networking opportunities for members and their staff to connect and gain further
knowledge and insights into the insurance industry.
·
Disseminating
information through articles in The CPA Journal, The Trusted
Professional and other NYCPA publications.
·
Building
relationships with insurance associations, actuarial firms, law firms, and other
organizations and institutions.
Our
members engage in practice management discussions and exchange best practices
within firms.
The Community generally meets monthly to discuss current issues and
developments affecting the insurance industry. Whenever needed and to ensure
proper coverage of relevant subject matters, the Community may consider discussing
separately through sub-committees, topics that impact either property &
casualty insurance companies
or life & health insurance companies. Meetings
may include guest speakers who are professionals from insurance companies,
actuarial firms, law firms and other related disciplines, covering topics
relevant to the insurance industry.
Who
Should Join
All
NYCPA members in the insurance industry as well as those in private practice
who audit or provide advisory services to the insurance industry should join. In
addition, CPAs from regulatory agencies are encouraged to join.
Membership
provides a unique opportunity to network with other professionals in the
insurance industry field as well as to support the Society and the
profession.