02-031 C.M.R. ch. 235, § 8 - Scope of Audit and Report of Independent Certified Public Accountant
Financial statements furnished pursuant to Section 3 shall be examined by the independent certified public accountant. The audit of the insurer's financial statements shall be conducted in accordance with applicable generally accepted auditing standards. Consideration shall be given to the procedures illustrated in the Financial Condition Examiners Handbook promulgated by the National Association of Insurance Commissioners as the independent certified public accountant deems necessary.
Notes
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