3 AAC 21.735 - Notification of adverse financial condition

(a) The notification requirements of the independent certified public accountant and the insurer under AS 21.09.200 ( l) must be completed within five working days after the determination or notice of determination.

(b) If an independent certified public accountant becomes aware of facts after the filing date of the annual audited financial report that might have affected the report, the independent certified public accountant shall take action as prescribed in the American Institute of Certified Public Accountants' AU Section 561: Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, dated July 9, 2007 and adopted by reference.

Notes

3 AAC 21.735

Eff. 8/31/2008, Register 187

The American Institute of Certified Public Accountants' AU Section 561: Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, dated July 9, 2007, may be obtained from the American Institute of Certified Public Accountants' website at http://www.aicpa.org.

Authority:AS 21.06.060

AS 21.06.090

AS 21.09.200