Financial statements furnished pursuant to Section 005 hereof
shall be examined by an independent certified public accountant. The
examination of the Insurer's financial statements shall be conducted in
accordance with generally accepted auditing standards. In accordance with AU
Section 319 of the Professional Standards of the AICPA, Consideration of
Internal Control in a Financial Statement Audit, the independent certified
public accountant should obtain an understanding of internal control sufficient
to plan the audit. To the extent required by AU 319, for those Insurers
required to file a Management's Report of Internal Control over Financial
Reporting pursuant to Section 017, the independent certified public accountant
should consider (as that term is defined in Statement on Auditing Standards
(SAS) No. 102, Defining Professional Requirements in Statements on Auditing
Standards or its replacement) the most recently available report in planning
and performing the audit of the statutory financial statements. Consideration
shall be given to the procedures illustrated in the Financial Condition
Examiner's Handbook promulgated by the NAIC as the independent certified public
accountant deems necessary
Notes
210 Neb. Admin. Code, ch. 56, §
009
Amended
effective 3/13/2018
