The Authority requires all Insurers to have their financial statements prepared on an annual basis in accordance with International Financial Reporting Standard ...
A firm is qualified as an external auditor of an Insurer under the following circumstances• Is a licensed member of the Institute of ...
The Board shall be required to safeguard and promote an effective relationship with the external auditor by ensuring that:• The terms ...
• Audit the Insurer's financial statements and report to the insurer in accordance with International Standards on Auditing (ISA):•&n ...
An Insurer shall be required to disclose any information required by the Commission with regards to the auditor that they intend to engage.5.2 If an Auditor res ...
The Insurer shall submit copies of the long form report and the management report to the Commission within four (4) months of the end of the financial year.6.2 ...
When the Commission determines non-compliance with the provisions of these guidelines, it may take any intervention measures or steps prescribed in the Insuranc ...
Where the Commission determines that an Insurer has not met the requirements of this directive, the Commission may impose any or all of the administrative sanct ...
For the audit of the 2014 accounting year, the existing auditors will perform the audit.Auditors who will attain five consecutive years on the 2014 audit shall ...