This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to the Appointed Auditor of a general insurer and the Group Auditor of a Level 2 insurance group [1] in reporting, pursuant to the …

APRA Prudential Standard GPS 310 Audit and Related Matters applies to general insurers and insurance groups from 1 January 2013. …

This Guidance Statement is issued on 16 May 2013 by the AUASB and replaces GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers , issued in …

The primary objective of general insurance Prudential Requirements is the protection of the interests of policyholders and prospective policyholders. This Guidance Statement acknowledges that the auditor of an insurer and an insurance group, has an …

Reporting requirements imposed on the Appointed Auditor of a general insurer and the Group Auditor of the insurance group by APRA are in addition to the audit and review of financial reports required under the Corporations Act 2001 . Section 49 of the …

Previously, GPS 310 only dealt with prudential requirements for general insurers and their appointed auditors. Prudential Standard GPS 3111 issued in December 2011, dealt separately with the requirements for insurance groups and their group auditors. The …

This Guidance Statement has been developed to assist the Appointed Auditor of a general insurer and the Group Auditor of an insurance group in reporting, pursuant to the prudential reporting requirements specified by APRA and not in relation to reporting …

This Guidance Statement is to be read in conjunction with Standard on Assurance Engagements ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information , Auditing Standard ASA 800 Special Considerations-Audits of …

For the purposes of this Guidance Statement, the following items have the meanings attributed below: …

Annual Accounts of an insurance group , refers to accounts constituting reporting documents required to be prepared by the parent entity of the group in compliance with reporting standards made under the Financial Sector (Collection of data) Act 2001 …