# The Insurance Companies (Accounts and Statements) Regulations 1996, Paragraph 10: Auditors' report


The report required by regulation 29 above shall, in addition to any statement required by section 237(2) and (3) of the 1985 Act or article 245(2) and (3) of the 1986 Order, as appropriate, as applied by the said regulation 29 state—
(a) in the auditors' opinion, whether Forms 9 to 17, 20 to 45 and information furnished pursuant to regulations 19 to 21 and 23 above have been properly prepared in accordance with the provisions of these Regulations;
(b) in the auditors' opinion, and according to the information and explanations they have received—
(i) whether the certificate required to be signed in accordance with regulation 28(a) above, otherwise than in relation to statements required by regulations 24, 26 and 31 above, has been properly prepared in accordance with these Regulations; and
(ii) subject to paragraph 11 below, whether it was or was not unreasonable for the persons giving the certificate to have made the statements therein (other than statements required by regulations 24, 26 and 31 above); and
(c) the extent to which, in giving their opinion, the auditors have relied—
(i) in the case of a company carrying on long term business, on the certificate of the actuary given in accordance with the requirements of Part II of this Schedule with respect to the mathematical reserves and required minimum margin, required EEA minimum margin or required United Kingdom minimum margin, as the case may be, of the company; and
(ii) in the case of a company including implicit items on Form 9, on the identity and value of any implicit items as they have been admitted in accordance with regulation 23(5) of the Insurance Companies Regulations.

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Source: https://www.legislation.gov.uk/uksi/1996/943/schedule/6/paragraph/10 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-regulations-1996/schedule-6/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.