Regulatory Alerts2024-02-29
Regulation on the audit of insurance and reinsurance undertings
The National Bank of Moldova issued Decision No 71 to approve the Regulation on the audit of insurance and reinsurance undertakings, replacing previous financial market commission rules. The Regulation establishes strict criteria for audit entity approval, including specific experience requirements for engagement teams and mandatory independence assessments. It further defines the scope and reporting obligations for both financial statement audits and specialized supervisory audits conducted by approved entities.
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