Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Brazil: Insurance regulator releases independent audit requirements

June 30, 2014 Reprints

Brazilian insurance watchdog Superintendencia de Seguros Privados has published resolutions on the requirements for provision of independent actuarial audit services and independent audit services for the insurance sector, BNamericas reported.

Under the resolution, firms will have to change their independent actuary and auditor every five years.

The new rules will come into effect on Jan.1 2015.

Resolution 312 requires the setting up of an audit committee for businesses with more than 500 million Brazilian reals ($226.4 million) in equity or over BRL 700 million ($317 million) in technical provision.

Help

Brazil: Insurance regulator releases independent audit requirements

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources