Regulatory Alerts2025-09-30
Guidance Notes in relation to Auditor's Reports of insurers to be provided to the Isle of Man Financial Services Authority under the requirements of the Insurance Regulations 2025
The Isle of Man Financial Services Authority issued guidance under the Insurance Act 2008 to specify the independent assurance requirements for auditor reports submitted by authorised insurers under the Insurance Regulations 2025. The document mandates the use of specific reporting forms and directs auditors to apply the ISAE 3000 framework, requiring reasonable assurance for regulatory return elements and limited assurance for director certifications. This guidance aims to standardize the level of assurance to reduce the risk of material misstatement in information reported to the regulator.
Share