N.M. Admin. Code § 13.2.5.20

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.2.5.20 - SCOPE OF EXAMINATION AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

A. The superintendent will not accept any annual audited financial report prepared in whole or in part by any person or firm that is not recognized as a qualified ICPA.

B. The examination of the insurer's financial statements shall be conducted in accordance with generally accepted auditing standards.

C. The ICPA shall use such other procedures illustrated in the NAIC's financial condition examiner's handbook as the ICPA may deem necessary.

N.M. Admin. Code § 13.2.5.20

1/1/94; 13.2.5.19 NMAC - Rn, 13 NMAC 2.5.20, 1/1/2010, Amended by New Mexico Register, Volume XXXI, Issue 18, September 29, 2020, eff. 10/1/2020