Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.4 Financial Sector - Insurance
The purpose of this report is to gain an understanding of the financial reporting requirements for insurance companies in a jurisdiction in addition to or instead of the requirements for commercial enterprises in general. Unless otherwise stated, t...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/512851487927994495/Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A-module-B-institutional-framework-for-corporate-financial-reporting-B-4-financial-sector-insurance http://hdl.handle.net/10986/26232 |
| Summary: | The purpose of this report is to gain an
understanding of the financial reporting requirements for
insurance companies in a jurisdiction in addition to or
instead of the requirements for commercial enterprises in
general. Unless otherwise stated, the term insurance company
refers to both insurance and reinsurance companies. There
are also questions in relation to the monitoring and
enforcement capacity of the local insurance supervisor in
respect of financial reporting of insurance companies
specifically. Questions are based on the internationally
recognized insurance core principles issued by the
International Association of Insurance Supervisors. The
report is structured as follows: overview of the insurance
sector; financial reporting requirements for insurance
companies; statutory audit and other forms of independent
assurance; audit committees; filing and publication of
financial statements; monitoring and enforcement: financial
reporting; and corporate governance. |
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