Take a lead: insurers should start preparing for the Model Audit Rule that...

Best's Review;  September 1, 2008 ;   Croarkin, Ken Sullivan, Kevin;   787 words ......Financial Reports, also called the Model Audit Rule or MAR. The Sarbanes-Oxley Act...the regulation. The revised Model Audit Rule, called the Annual Financial...three-year lead time before new Model Audit Rule regulations are imposed. That...

INDUSTRY

Pennsylvania CPA Journal;  July 1, 2005 ;   Blain, David B;   731 words ......Financial Reports, known as the Model Audit Rule, is NAICs and AICPAs response...insurers would be subject to the Model Audit Rule. The NAIC had set a minimum...parties to discuss and refine the Model Audit Rule. Industry executives have voiced...

BUSINESS & INDUSTRY

Pennsylvania CPA Journal;  October 1, 2006 ;   Blain, David B;   724 words ......Audited Financial Reports (the Model Audit Rule). After two years of spirited...voted on June 12 to amend its Model Audit Rule. The NAIC reached a compromise...Sarbanes-Oxley-type requirements within the Model Audit Rule. These amendments address the...

NAIC Considers SOX-like Provisions.(National Association of Insurance...

Insurance Networking News: Executive Strategies for Technology Management;  April 1, 2005 ;     595 words ......of SOX and compared it to our model audit rule, Stolte says. Then, last April, the NAIC developed a draft of its audit rule with proposed SOX-like changes...regulators realize changing the audit rule won't prevent all insolvencies...

SOX it to me: the cost of Sarbanes-Oxley provisions in a Model Audit Rule...

National Underwriter Life & Health-Financial Services Edition;  May 31, 2004 ;   Connoly, Jim;   650 words ......Sarbanes-Oxley Act of 2002 in proposed Model Audit Rule regulation. But some regulators...Sarbanes-Oxley. Under a provision in the Model Audit Rule model regulation, there is an...COMPLYING With Section 16 of the Model Audit Rule model regulation Over $500 ...

4-Yr. Accreditation Track For Codification OK'd.

National Underwriter Life & Health-Financial Services Edition;  June 14, 1999 ;   CONNOLLY, JIM;   328 words ......codification of statutory accounting principles and the model audit rule on a four-year track for accreditation. The decision...NAIC. Although it was agreed from the start that the model audit rule would be subject to the full four-year accreditation...

NAIC Sets Codification Track.(National Association of Insurance...

National Underwriter Property & Casualty-Risk & Benefits Management;  June 14, 1999 ;   CONNOLLY, JIM;   320 words ......codification of statutory accounting principles and the model audit rule on a four-year track for accreditation. The decision...NAIC. Although it was agreed from the start that the model audit rule would be subject to the full four-year accreditation...

Issues raised on qualification letter in SOP 95-4 clarified

The CPA Letter;  September 1, 1997 ;   Anonymous;   152 words ......on Nov. 3, 1995, issued Statement of Position 95-4, Letters for State Insurance Regulators to Comply with the NAIC Model Audit Rule. The guidance was effective for audits of statutory financial statements for periods ending on or after Dec. 15...

NAIC 2006 models could spark debate in legislatures.(Briefing)

Best's Review;  March 1, 2007 ;   Barrett, Eleanor;   771 words ......marks the starting line for model laws of the National Association...adopted eight model acts, 10 model regulations, three actuarial...papers, one study and two model bulletins. Hot issues making...from changes to the NAIC's Model Audit Rule to principles-based ...

Regulators reaffirm the need for SOX additions to NAIC model: Model Audit...

National Underwriter Life & Health;  May 23, 2005 ;   Connolly, Jim;   673 words ...WHILE WORK ON VARIOUS components of a Model Audit Rule continues to develop, regulators are reaffirming the need for amendments that reflect requirements in the Sarbanes-Oxley Act of...

Dodd Vows to Protect Investors

The Washington Post;  December 8, 2006 ;   Carrie Johnson - Washington Post Staff Writer;   511 words ......businesses abroad. While Dodd agreed with changing a contentious audit rule blasted by companies as overly expensive, he rejected a wholesale...Company Accounting Oversight Board are to unveil changes to the audit rule within two weeks. "I'm not going to tolerate during my stewardship...

FDIC exempts most banks from audit rule. (Federal Deposit Insurance Corp.)...

ABA Banking Journal;  July 1, 1993 ;     137 words ...FDIC exempts most banks from audit rule. Only banks with $500 million or more in assets will have to meet FDIC audit requirements and certain related strictures mandated...

Debating the application of Sarbanes-Oxley.(Conference Call)

Investment News;  June 14, 2004 ;     726 words ......insurance companies to audit financial statements annually...that states implement the model audit regulation for all insurance...whether to implement the model regulation, and the earliest...The primary aim of the model audit regulation is to require...Washington, opposed the ...

Captive owners could face higher governance standards.(News)

Business Insurance;  November 14, 2005 ;     571 words ......of Insurance Commissioners model rule regarding corporate...Insurance Council. The NAIC's Model Audit Rule-which is expected to contain...entities and their captives to audit and management standards...maintain independent, competent audit committees and certified...working group is ...

No VAT sops for life-saving medicines, equipment.

Economic Times (New Delhi, India);  May 5, 2005 ;     191 words ......the list of exemptions as it complicates matters, the panel's member secretary Ramesh Chandra said here after releasing the model audit report for state-level VAT prepared by the Institute of Chartered Accountants of India. The committee had recently added items...