054.00.25-12. Accountant's Letter of Qualifications
AR ADC 054.00.25-12Arkansas Administrative Code
Ark. Admin. Code 054.00.25-12
054.00.25-12. Accountant's Letter of Qualifications
The accountant shall furnish the insurer in connection with, and for inclusion in, the filing of the annual Audited Financial Report, a letter stating the following:
A. The accountant is independent with respect to the insurer and conforms to the standards of his or her profession as contained in the Code of Professional Ethics and pronouncements of the AICPA and the Rules of Professional Conduct of the Arkansas State Board of Public Accountancy, or similar code;
B. The accountant's background and experience in general, and the experience in audits of insurers of the staff assigned to the engagement and whether each is an independent certified public accountant. Nothing within this Rule shall be construed as prohibiting the accountant from utilizing such staff as he or she deems appropriate where use is consistent with the standards prescribed by generally accepted auditing standards;
Credits
Amended Nov. 5, 2009.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.25-12, AR ADC 054.00.25-12
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