Model Audit Rule definition

Model Audit Rule means the “Model Regulation Requiring Annual Audited Financial Reports” developed by the NAIC.
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Model Audit Rule means Annual Financial Reporting Model Regulation (otherwise known as the Model Audit Rule or MAR) as adopted by the applicable insurance regulatory authority or state.
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Examples of Model Audit Rule in a sentence

  • The regulation is based on the Model Audit Rule (“MAR”), as established by the NAIC, and all references to MAR within this report may be interpreted as references to Regulation 118.

  • If an Audit Committee is required under the National Association of Insurance Commissioners’ Model Audit Rule, the Board of Directors by the affirmative vote of a majority of all of the directors then in office may appoint members of the board of directors of the parent holding company, CUNA Mutual Holding Company to serve on the Audit Committee.

  • In addition, the NAIC used the Model Audit Rule (MAR), effective in 2010 or once a state adopted it (American Academy of Actuaries, 2010, p.

  • Mr. Stolte made a motion, seconded by Mr. Hudson to adopt the revisions to the Model Audit Rule Implementation Guide(Attachment Four).

  • Servicer will maintain internal controls over financial reporting in conjunction with its parent’s (Allianz S.E.) Comprehensive Control Concept and the NAIC’s Model Audit Rule standards, in each case in accordance with the requirements documents adopted by the parties.

  • We are both proud and humbled to report that during those years, we were able to reach over one million childrenwho were desperately in need of loving kindness and emergency care.

  • A review was also made of Highmark’s Internal Audit function and Model Audit Rule (“MAR”) Department, as they relate to the Company.

  • The examiner evaluated the IS internal control testing performed by the Model Audit Rule (MAR) Department, the Internal Audit Department and its independent auditors, PwC, and performed a review of end user computing and IS outsourcing controls.

  • In accordance with the instructions on page 1 of the Model Audit Rule Implementation Guide, the changes are subject to review and adoption by the Task Force.

  • Mr. Stolte, chair of the NAIC/American Institute of Certified Public Accountants (AICPA) (E) Working Group, introduced the proposed additions to the NAIC’s Model Audit Rule Implementation Guide.

Related to Model Audit Rule

  • BBA Partnership Audit Rules means Sections 6221 through 6241 of the Code, and any regulations promulgated or proposed under any such Sections and any administrative guidance with respect thereto.

  • Partnership Tax Audit Rules means Sections 6221 through 6241 of the Code, as amended by the Bipartisan Budget Act of 2015, together with any guidance issued thereunder or successor provisions and any similar provision of state or local tax laws.

  • Administrative and Audit Regulations means all applicable statutes, regulations, and other laws governing administration or audit of this Contract, which may include Title 2, Part 200, Code of Federal Regulations and Chapter 321 and Title 10, Subtitles D and F of the Texas Government Code.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • NZOC Nomination and Selection Regulation means the regulation of NZOC relation to the nomination and selection Process for all Olympic and Commonwealth games, including the Games.

  • Auditing Services means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • Accounts and Audit Regulations means the regulations issued under Sections 32, 43(2) and 46 of the Local Audit and Accountability Act 2014, or any superseding legislation, and then in force, unless otherwise specified.

  • non-audit services means services other than audit services.

  • Accounting Manual means the latest version of the document titled “Accounting for Parents and Citizens Associations” that is published by the Department of Education as amended from time to time.

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Appraisal review means the act or process of developing

  • Company Action Level RBC ’ means, with respect to any insurer, the product of 2.0 and its authorized control level RBC;

  • Mold remediation in accordance with professional standards means mold remediation of that

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • Independent Accounting Firm has the meaning set forth in Section 2.05(c).

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.