PIN 6.4 PIN 6.4 Audit of annual regulatory return
PIN 6.4.1 PIN 6.4.1
Subject to PIN Rule 6.4.2, the
Annual Regulatory Returnof every Insurermust be audited in accordance with International Statements on Auditing relevant to the audit of the Annual Regulatory Return, by the Insurer'sauditor.Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
PIN 6.4.1 Guidance
Quarterly Regulatory Returnis not subject to audit. The qualifications and appointment of the auditor of an Authorised Firmare specified in GEN chapter 8.
The report of the auditor on the
Annual Regulatory Returnmust be made in writing to the directors of the Insurerand to the DFSAand must state whether, in the opinion of the Auditor and so far as concerns those parts of the Annual Regulatory Returnthat are subject to audit:(a) the Annual Regulatory Returnhas been prepared in accordance with this chapter;(b) the statements in the Annual Regulatory Returnpresent fairly, in accordance with the basis of preparation prescribed in this chapter, the financial position of the Insureras at the reporting date and financial performance of the Insurerduring the reporting period ended on that date, and the other information required to be presented; and(c) the statements in the Annual Regulatory Returnare in accordance with the books and records of the Insurer.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]