Chapter 13

Audit of Insurance Companies

CHAPTER OUTLINE

13.1 Audit of Companies Carrying on Life Insurance Business

13.2 Audit of Companies Carrying on General Insurance Business

13.3 Applicability of Accounting Standards

13.4 Books and Registers to be Maintained

13.5 Submission of Reports and Returns

13.6 Audit of Accounts

13.7 Preparation for the Audit

13.8 Internal Controls

13.1 AUDIT OF COMPANIES CARRYING ON LIFE INSURANCE BUSINESS

Due to liberalisation, the economic policies of India have witnessed a significant transformation during the last decade. A new regulatory framework in the insurance sector has brought sweeping changes not only in terms of number of participants, but also in terms of portfolio of insurance business and the ...

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