Case Studies

Statutory & Forensic Accounting Consultation to State Insurance Departments

J.S. Held Acquires Element Forensic Engineering, Expanding Insurance-Focused Capabilities for Mid-Market and Large Loss Property Claims Across Canada

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Home·Statutory & Forensic Accounting Consultation to State Insurance Departments

Engagement

Engaged by counsel for several different State Insurance Departments to assist in evaluation of compliance by auditors with generally accepted auditing standards and assessment of whether financial statements were prepared in accordance with statutory accounting practices. Issues included loss reserve adequacy, reinsurance recoverable, and internal control deficiencies. Work included review of workpapers, coordination, and review of work of consulting actuaries and preparation of deposition outlines. Additional services included preparation of pro forma financial statements, deposition assistance, and damages calculations. Expert testimony provided.

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