Featured Webinar
April 14, 2022 | 2:00 pm - 3:00 pm ET
Robert Waszak, CPA
Senior Manager, Johnson Lambert
Meet
Scott Hall
Johnson Lambert provides audit, tax, and consulting services to 500+ insurance clients, giving them the information needed to make critical business decisions to better monitor their risk and return.
Our focus on life insurance is unique. We're on the front lines. We're here for you. We go above and beyond. Your success is our success!
Set up a conversation with Scott today to discuss how we can better understand your goals and priorities.
Services for Life Insurance Entitites
Through working with hundreds of insurance entities and our immersion in all aspects of the industry, we add value to our clients in efficient engagements that do not compromise on knowledge sharing, best practice advising, and tailored synergistic and communicative approaches.
Audit and Assurance Services
Our audit and assurance services for insurers include but are not limited to: financial statement audit; reviews; accounting advisory services; SEC compliance and reporting; agreed upon procedures; and SOC 1, 2, 3, +, and Cybersecurity SOC.
Our team understands the complexities and the integration of statutory and insurance GAAP standards that govern your organization. Our audit practice is built on the highest quality standards and open, ongoing dialogue. It is not overcomplicated with unnecessary bureaucracy, while still providing access to a depth and breadth of insurance-focused resources that build trust and add value.
Our Audit ServicesTax Services
Johnson Lambert has a dedicated tax team that works with insurance companies and uses its vast insurance experience and knowledge to aid our tax clients with everything from tax preparation to assistance with statutory and GAAP provisions to planning and executing tax strategies that best position your organization for the future.
Our tax services for insurance entities include federal and state income tax preparation, preparation and review of quarterly and annual provisions and related disclosures, FATCA and foreign bank report filings, foreign tax filings, uncertain tax position documentation, taxing authority examination representation, and more.
Our Tax ServicesAdvisory and Consulting Services
We customize our advisory and consulting services to meet your organization’s unique needs. The Johnson Lambert team offers a wide variety of consulting and advisory services that can support your organization wherever you are today. We strive to build a partnership with our clients that prompts strategizing and optimizing for the future.
Some of our service offerings are internal audit (outsourcing + co-sourcing), Model Audit Rule (MAR) readiness and implementation, System and Organization Control (SOC) reports, ERM services, cybersecurity assessments, system implementation reviews, and more.
Our Advisory Services
Hot Topics
Know What’s Happening
March 2025
In 2025, insurers face a unique set of challenges that require careful attention and proactive risk management. From macroeconomic shifts to technological advancements and reputational concerns, understanding these risks is essential for leaders in the insurance industry to stay competitive, […]
Compliance with regulations like the Model Audit Rule (MAR) and the Sarbanes-Oxley Act (SOX) can be both a critical safeguard and an operational challenge. The need for consistent testing, documentation, and ongoing internal controls monitoring can be time-consuming and prone […]
The new administration’s rapid issuance of executive orders, followed by a sweeping Office of Management and Budget (OMB) funding freeze on over 2,600 Federal grant programs, plunged the nonprofit sector into immediate disruption. Though a court ruling quickly reversed the […]
February 2025
Insurance companies experiencing premium growth know that success brings new opportunities—and new regulatory requirements. Chief among them is the Annual Financial Reporting Model Regulation, commonly referred to as the Model Audit Rule (MAR). While MAR compliance adds a layer of […]
In the insurance industry, letters of credit play a crucial role in securing reinsurance obligations. National Association of Insurance Commissioners (NAIC) regulations stipulate that certain reinsurance recoverables due from certified or unauthorized reinsurers are more risky and require collateral to […]
February 2025
The Internal Revenue Service (IRS) issued Rev. Proc. 2025-15 on February 13, 2025, which contains the new property and casualty discount factors for the 2024 tax year. These factors were determined using the applicable interest rate of 3.18% for 2024 […]
We are saddened at the passing of R. Larry Johnson, who along with Debbie Lambert founded our firm in 1986. His vision to disrupt the accounting profession through creating a firm specialized in serving select industry niches remains the foundation […]
Compliance with Model Audit Rule 205 (MAR) demands more than just well-documented financial reporting processes. As insurers cross premium thresholds of $300 million or $500 million, they shoulder additional governance responsibilities that increasingly intersect with cybersecurity. In a digital world, […]
January 2025
Johnson Lambert is proud to announce that Partner Kregg Guestin has been recognized as a member of the 2025 Class of Emerging Leaders by the American Property Casualty Insurance Association (APCIA). This prestigious acknowledgment highlights high-performing insurance professionals who are […]
Insurance Industry
Investment and Involvement
AICPA Insurance Expert Panel
Johnson Lambert partners are consistently members of the American Institute of CPAs (AICPA) Insurance Expert Panel which brings together CPA leaders knowledgeable in the insurance industry to come to an agreement on key issues affecting insurance audit and attest matters.
NAIC Involvement
Members of the Johnson Lambert team, including both members of the insurance audit practice and the regulatory team who serve the needs of insurance regulators, attend NAIC meetings. We share what we learn in frequent, detailed reports featured in our Insights section of this website. We also have representation on the NAIC/AICPA Task Force.
Key Industry Group Immersion
Johnson Lambert professionals are board members, volunteers, speakers, and conference attendees for major industry groups, including IASA, AICPA, MPL Association, and more. The firm proudly sponsors these organizations and their events as well.
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