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FRC publishes feedback on actuarial aspects of insurance entity audits

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Published on: 19 May 2022
Published by LNB News

LNB News 19/05/2022

Document Information

Issue Date: 19 May 2022

Published Date: 19 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Reporting Council (FRC) has published a letter that sets out the actuarial aspects of insurance company audits, sent to the insurance business unit leaders at the eight largest audit firms in the UK. The feedback focusses on professional scepticism, the audit file containing the evidence of the audit, and the interaction between the audit firm and the insurance company during the audit.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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