November 16, 2023 | 2:00 pm - 3:00 pm ET | Complimentary
The Evolution of Auditing Loss Reserves: Prepare for New Requirements
Delve into the latest auditing standard updates regarding estimates and the use of specialists. During this webinar, our panel will discuss Statements on Auditing Standards (SAS) 143-144, their impact on auditing insurance company loss reserves, and the use of an actuarial specialist. Attendees will learn how the new standards impact the auditor’s understanding of internal controls over the estimate and the testing of the estimate, as well as an actuarial perspective on key considerations surrounding the selection and application of the methods, assumptions, and data underlying management’s selection of a point estimate.
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About the Webinar
Learning Objectives:
During this webinar, participants will learn about:
- Auditing standards effective in 2023 and their impact on auditing the insurance company loss reserve estimate, including:
- SAS 143, Auditing Accounting Estimates and Related Disclosures
- SAS 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained From External Information Sources
- Key considerations surrounding the selection and application of methods, assumptions and data underlying management’s selection of a point estimate for loss reserves
Who Should Attend:
- CEOs and CFOs
- Controllers
- Accounting Managers
- Board and Audit Committee Members
CPE Details
- CPE Credit
- 1 Hour in Audit
- CRE Credit
- 1 Hour
- Delivery Method
- Group Internet Based
- Program Level
- Basic
- Prerequisites
- None
- Advanced Preparation
- None
Meet the
Panel
Lauren Darr, CPA
Partner
Johnson Lambert
Melanie Barthel, CPA, CPCU
Partner
Johnson Lambert
Arthur R. Randolph II, FCAS, MAAA, CPCU, ARM, ARe
Principal & Consulting Actuary
Pinnacle Actuarial Resources, Inc.
NASBA Details
Johnson Lambert LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE sponsors through its website: www.nasbaregistry.org
NASBA Sponsor # 106688
Texas Sponsor # 009673
Refund Policy: No refunds will be issued as this course is complimentary.
Complaint Resolution Policy: To register a complaint, contact Hannah Price at [email protected] or 703-842-1174