OAR 836-029-0055
Availability and Maintenance of Working Papers of the Independent Certified Public Accountant

Availability and Maintenance of Working Papers of the Independent Certified Public Accountant

(1)

Each captive insurer shall require its independent certified public accountant to make all work papers prepared in the conduct of the audit of the captive insurer available for review by the Director of the Department of Consumer and Business Services or his appointed agent. The captive insurer shall require that the accountant retain the audit work papers for a period of not less than five years after the end of the report period.

(2)

The review by the director shall be considered an official investigation by the director and all working papers obtained during the course of such investigation shall be confidential business papers and shall be classified as business confidential protected records. The captive insurer shall require that the independent certified public accountant provide photocopies to the department of any of the working papers that the department considers relevant. The department may retain any photocopies of working papers.

Source: Rule 836-029-0055 — Availability and Maintenance of Working Papers of the Independent Certified Public Accountant, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-029-0055.

836‑029‑0000
Authority 836‑029‑0005
Purpose and Scope 836‑029‑0010
Definitions 836‑029‑0015
Annual Reporting Requirements 836‑029‑0020
Risk Limitation 836‑029‑0025
Annual Audit 836‑029‑0030
Management’s Report of Internal Control over Financial Reporting 836‑029‑0035
Communication of Internal Control Related Matters Noted in an Audit 836‑029‑0040
Designation of Service Providers 836‑029‑0045
Notification of Material Misstatement of Financial Condition 836‑029‑0050
Additional Deposit Requirement 836‑029‑0055
Availability and Maintenance of Working Papers of the Independent Certified Public Accountant 836‑029‑0060
Documentation Required to be Held in Oregon by Licensed Captives 836‑029‑0065
Reinsurance 836‑029‑0070
Service Providers 836‑029‑0075
Directors 836‑029‑0080
Conflict of Interest 836‑029‑0085
Acquisition of Control of or Merger with Domestic Captive insurer 836‑029‑0090
Suspension or Revocation 836‑029‑0095
Standards 836‑029‑0100
Director’s Authority 836‑029‑0105
Change of Information in Initial Application 836‑029‑0110
Application 836‑029‑0115
Fees 836‑029‑0120
Authorized Forms

Last Updated

Jun. 8, 2021

Rule 836-029-0055’s source at or.us

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Location: https://oregon.public.law/rules/oar_836-029-0055

Original Source: Rule 836-029-0055 — Availability and Maintenance of Working Papers of the Independent Certified Public Accountant, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-029-0055 (last accessed Jun. 8, 2021).