The Statutory Duty Confirmation, prepared by the auditor, must be filed with the Central Bank within two months of the intermediary’s financial year end. True or False?
Well the answer is ‘False’.
The audit of insurance brokers is a quite onerous assignment as such entities are treated as ‘large’ companies, no matter what their actual turnover, under the Companies Act, 2014.
So to sort out your ‘HPR’ (that’s the Central Bank Handbook of Prudential Regulation) from your M46 (the Statutory Duty Reporting guidance from the CAI), go see our online webinar on the Audit of Insurance Brokers where you may download the slides and support materials, all for just €45. On successful completion, receive a CPD certificate for your newly acquired knowledge. Well done!
The webinar, which may be viewed anytime for up to a year from date of purchase, covers the following areas:
- Planning the Audit;
- Premium Handling;
- Auditor’s duties;
- Regulatory requirements;
- Executing the Audit;
- Central Bank Requirements and M46;
- Auditor’s duties;
- Reporting; and
- Concluding the audit.
There are 18 other webinars on various topics – also for €45 each, or you may purchase two at the same time for €80 or five for €190.
All our webinars are accessible at any time (for 12 months from date of purchase) here.
We have also prepared, ready to use, audit engagement and representation letter templates (in Word format) for an insurance broker assignment, available to purchase online (bulk purchases of 5 or more templates attract a 20% discount), please click on the relevant links.
