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

As a leader in JL’s tax department, what keeps you motivated to continue pursuing your career goals? One of my biggest motivators in working with our tax clients is knowing that I can be a business partner that helps our […]

Ransomware has quickly become one of the most expensive, business crippling cybersecurity events. According to Forbes, the average cost of a ransomware attack reached nearly $2 million in 2021, doubling from $760,000 the previous year. As ransomware costs increase, organizations […]

The NAIC held its Spring National Meeting in Kansas City, Missouri, in a hybrid format. Sessions that were not part of the in-person meeting were held virtually. In this edition, you’ll find a summary of statutory accounting adoptions made by […]

The Great Resignation is impacting all industries and lines of work. No one is immune, including your internal audit department. The internal audit team provides independent, objective assurance and consulting to add value and improve an organization’s operations. Staffing shortages […]

AM Best, well regarded for its ability to assess the creditworthiness of insurance carriers, released an optional performance assessment for managing general agents and other delegated underwriting authority enterprises (DUAEs) that work in tandem with insurance carriers. Not familiar with […]

We all know Segregation of Duties (SOD) is key to fraud mitigation, but how are you utilizing digital technologies and capabilities to gain timely, meaningful insights into compromised SOD rules? We regularly read news articles about indictments of individuals who […]

Employee benefit plan sponsors serve in a critical fiduciary role over sensitive employee information. As a plan sponsor, are you aware of cybersecurity risks to your plan and how to effectively mitigate them?  The Department of Labor’s (DOL) Employee Benefit […]

Recent heightened awareness by stakeholders surrounding environmental, social and corporate governance (ESG) topics has made it necessary for companies of all sizes to revisit their system of values and ensure that they reflect evolving stakeholder priorities, in particular as they […]

In November 2021, the AICPA Financial Reporting Executive Committee (FinREC) issued guidance on the applicability of FASB Topic 606, Revenue from Contracts with Customers, to employee benefit plans (EBPs) with the release of the 2021 AICPA EBP Audit and Accounting […]

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.