Audit, Tax, and Consulting Services Designed for Life Insurers

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Featured Webinar

April 14, 2022   |   2:00 pm - 3:00 pm ET

Corporate Governance: Think Outside the Boardroom

Robert Waszak, CPA

Senior Manager, Johnson Lambert

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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
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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 Services

Tax 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 Services

Advisory 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
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Hot Topics

Know What’s Happening

The London Interbank Offered Rate (LIBOR) interest rate benchmark continues its slow and steady path to wind-down, a result of being an unsecured rate that has been subject to manipulation by banks. The rate may be referenced in a variety […]

Johnson Lambert LLP is dedicated to keeping you informed of changes adopted by the NAIC within the Statutory Accounting Principles (E) Working Group that will impact your 2022 statutory basis financial statements and other significant NAIC activities related to group […]

The Internal Revenue Service (IRS) issued Rev. Proc. 2023-10 on December 23, 2022, which contains the new property and casualty discount factors for the 2022 tax year. These factors were determined using the applicable interest rate of 2.67% for 2022 […]

In Accordance with ASC 842 Background A lease is a contract whereby a lessor (owner or landlord) agrees to provide a lessee (user or tenant) the right to control the use of an identified asset for a specific period of […]

We have reached the end of 2022 and your returns are filed, now what? Are there any last minute tax tasks your company needs to think about for year-end? Have you looked at the new changes effective for 2022? Had a […]

You are highly involved with the AICPA and NASBA. How did you begin your involvement with these organizations? I have been fortunate enough to develop really strong relationships with my clients over the years, and some of them have become […]

Johnson Lambert is dedicated to keeping you current on the impact of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Topic 326 – Financial Instruments – Credit Losses. This white paper presents the most significant changes related to […]

The insurance industry constantly faces cybersecurity threats (e.g. ransomware, phishing, new technologies, and third-party risks) due to sensitive information (e.g. financial/credit card information, protected health information (PHI) and Nonpublic information (NPI)) being used on a daily basis. The industry must […]

In 2020 we wrote a blog post introducing Zero Trust as a concept of modern borderless data security that would help companies looking to support their newly remote workforce long term. That article proved timely as many organizations began their […]

Involvement
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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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Featured

Webinars

April 14, 2022   |   2:00 pm - 3:00 pm ET

Corporate Governance: Think Outside the Boardroom

Robert Waszak, CPA Senior Manager, Johnson Lambert

January 11, 2022   |   2:00 pm - 3:00 pm ET

2022 GAAP/STAT Accounting and Tax Update

Andrew Farris, CPA Senior Manager, Johnson Lambert

Paul Preziotti, CPA Partner, Johnson Lambert

November 17, 2021   |   2:00 pm - 3:00 pm ET

Corporate Governance: Does It Really Matter?

Andrew Cleveland, CPA Senior Manager, Johnson Lambert

Dustin Barnwell, CPA Principal, Johnson Lambert

June 22, 2021   |   2:00 pm - 3:00 pm ET

Leases, Culture, and Accounting: How It All Fits Together

Andrea Wright, CPA, MBA Partner, Johnson Lambert

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Effective and Efficient Services

If your organization is looking for a CPA and consulting firm who knows the industry, get in touch with Johnson Lambert's specialized team of professionals.