Guidelines to the Insurance Industry on External Auditors, 2014 🇬ðŸ‡
Ghana
Guidelines nic-gea
Guidelines to the Insurance Industry on External Auditors, 2014
- Commenced on 1 January 2014
- [This is the version of this document from 1 January 2014.]
1.0 AUTHORISATION
In exercise of the powers conferred by section 85 of the Insurance Act, 2006, Act 724 issues the Guidelines set out here below, for observance by all insurers and reinsurers registered under the Insurance Act, 2006, Act 724 in respect to the engagement of external auditors.2.0 INTRODUCTION
The Authority requires all Insurers to have their financial statements prepared on an annual basis in accordance with International Financial Reporting Standards (IFRS) and audited in accordance with the International Standards on Auditing (ISA). A qualified, independent external auditor is essential for accurate financial reporting of an insurer and an intermediary.3.0 OBJECTIVES
The objective of these guidelines is to ensure:3.1 There is a reliable financial reporting process for both public and supervisory purposes;3.…Read the Full Legislation on judy.legal
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