Model Audit Rule: An Introduction to MAR and diagnosing the effectiveness of your MAR efforts
Dan Buttke, CPA - Baker Tilly
This presentation will take place on Thursday, November 15, 2018 at 1:00pm Eastern time.
This is a FREE webinar for all AHIA members! Non-members can join AHIA today to take advantage of this benefit.
The National Association of Insurance Commissioners (NAIC) Annual Financial Reporting Model Regulation #205, commonly known as the Model Audit Rule (MAR), has been around for more than a decade, yet insurers of all sizes struggle to develop a sustainable and cost-effective MAR program. While certain elements of MAR have been implemented by insurers with minimum difficulty, creating and maintaining a cost effective and efficient program that supports management's attestation regarding internal controls (i.e., financial reporting) proves to be a challenge for many organizations. This webinar will explore common misconceptions of the MAR requirements, and include current trends, best practices and suggestions to improve your organizations MAR program.
Following this discussion, participants will be able to:
- Discuss and identify the MAR requirements for management's report of internal control over financial reporting
- Identify and assess common misconceptions and current trends in addressing the requirements for the basis for management's review and assertions
- Explore options how to re-engineer your MAR compliance program to be more cost efficient and effective
Program Level: All
Field of Study: Specialized Knowledge
Who should attend:Individuals with involvement in insurance operations.
Delivery Method: Interactive discussion using telephone and Internet technology.
CPE Credits: 1 credit
Dan Buttke, CPA - Baker Tilly
Dan Buttke, Senior Manager with Baker Tilly, has been with the firm since 2005. Prior to joining Baker Tilly Dan worked for a national firm. Dan specializes in providing audit and consulting services to health and P&C providers, with particular focus in statutory reporting, internal control compliance, and risk management. He has presented at a number of national and chapter conferences on topics including Model Audit Rule, ORSA, vendor risk management and the Affordable Care Act.
Please Note: If you wish to receive continuing professional education credits for participating in the discussion, you are required to register and pay the registration fees. You will also be required to answer 3 of the 4 questions asked online during the discussion to qualify for CPE credit.
Cancellations received in writing prior to a week before the discussion will be issued a refund less a $30 processing fee. No refunds for cancellations within the week of the discussion. For more information regarding refund, complaint and program cancellation policies, please contact AHIA at 888-ASK-AHIA (275-2442).
Continuing Professional Education Credits:
AHIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.