NAIC Model Audit Rule Programs - Las Vegas, NV -(CCS)

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3960 Howard Hughes Parkway

Suite 500

Las Vegas, NV 89169

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NAIC Model Audit Rule Programs

About this Event

Three Day MAR and COSO Insurance Program Course

This CPE course is focused on how to address Model Audit Rule (MAR) annual and triennial compliance using the COSO frameworks (COSO 2013 and COSO ERM) and COBIT.

This three-day CPE course is designed for compliance managers, controllers, CFO's and others who have the responsibility for the insurance organization's internal control framework used in the NAIC Model Audit Rule compliance efforts. We use examples tied to the seventeen COSO principles. We also refer to the various exhibits in the Financial Condition Examiners Handbook which drive the examination of your compliance activities.

Learn how to comply using a cost effective approach to address your compliance needs under the NAIC's Model Audit Rule (MAR) requirements. These requirements concern both the annual filings but also the Insurance Commissioner's approach using the Financial Condition Examiners Handbook for the triennial exams. Each attendee will go home with a set of 55 documents that were used to create the workshop.

Benefits of Attending

In this insurance focused, three-day workshop you will move through an overview of COSO ERM, COSO 2013, COBIT 5.0 and the NAIC Model Audit Rule to build a real understanding of the NAIC compliance requirements. You will benefit from the extensive insurance accounting, auditing, compliance and systems backgrounds of the course creators and instructors. We teach how to address compliance based on the lessons we have learned by the effective implementation of MAR compliance. We teach a top down risk based methodology to the creation of effective ICFR.

The results of attending this workshop will be a better focused compliance program that meets the needs of the issuer and the external auditors. This workshop will be taught by cost-conscious internal control experts who have helped over 200 insurance organizations to understand compliance with the NAIC's Model Audit Rule.

CCS has been presenting compliance seminars throughout the United States since SOX's ratification in 2004. The instructors will candidly share their experience and present a pragmatic approach to Model Audit Rule compliance.

Seminar Highlights

- Review the details of COSO ERM and COSO 2013

- Top Down Risk Based Methodology Defined

- Best Practices to Documentation and Assessment

- Entity Level Control Documentation

- Risk Assessment Documentation

- Information Technology General Controls Documentation

- How to Manage Communication with External Auditors and Audit Committee

- Workshops focused on Major Deliverables

Learning Objectives

- Attendees will understand risk assessments from the insurance accounting viewpoint

- Attendees will see how to effectively implement top down internal controls

- Attendees will learn the compliance requirements of the NAIC's Model Audit Rule

- Attendees will discuss relationship with their external auditors under the Model Audit Rule

- Attendees will identify methods for improving their internal control frameworks

Background Materials

In preparing the materials for the NAIC MAR Workshop the following reference materials were used:

- Insurance Core Principles, Standards, Guidance and Assessment Methodology - Click here to move to the IAIS's Website for a downloadable copy.

- NAIC Solvency Modernization Initiative - Click here to move to the NAIC's Website for a downloadable documents.

- NAIC Own Risk and Solvency Assessment (ORSA) Model Act - Click here to move to the NAIC's Website for a downloadable copies of the Act and Guidance Manual documents.

Instructors for Model Audit Rule

John C. Blackshire, Jr.

He has over 35 years of accounting, business management, internal control, software development and auditing experience. During his career, he has conducted numerous project assessments, internal control audits, designed business process controls, designed automated accounting system controls, and created several project and quality control methodologies.

During his years at KPMG, he was an external auditor for life insurance, property & casualty and health insurance plans. He was with Insurance Systems of America for several years working on the ISA/ABC, ISA/CDS and ISA/OSCARS applications. He helped to design and develop the Walker Interactive and Genelco financial applications which were used by numerous insurance organizations.

He has written numerous articles, presented continuing education seminars, and published booklets on best practices in the accounting, finance and information technology functions. He is currently providing an extensive set of continuing professional education seminars concerning internal controls. His classes cover COSO, COBIT, ITIL, SEC Management Guidance, PCAOB Standards, NAIC Model Audit Rule, OMB A-123 Regulations and Virginia State mandates.

John holds a BS in Accounting from the University of South Carolina (USC) and was a Certified Public Accountant. He is a member of the Dean's Advisory Committee for the Moore School of Business at USC. He is an active member of the Institute of Internal Auditors (IIA) and the Information Systems Audit and Control Association (ISACA).

The Accountware Group, Inc.

Key Issues on the Agenda

Introduction and Background

- Introductions

- Internal Control Terminology

- Regulatory Remapping

- NAIC Prospective on Internal Control over Financial Reporting (ICFR)

- SEC & PCAOB Prospective on ICFR

- Issues Affecting Insurance Accounting & Auditing

Section 1 - NAIC Model Audit Rule (MAR)

- History of Insurance Regulation

- Overview of Changes to Model Audit Rule

- Urban Legions Concerning ICFR

- Annual Financial Reporting Model Regulation (MAR) by Section

Section 2 - Top-Down vs. Control-Based Compliance

- Public Company Accounting Oversight Board (PCAOB)

- The Original COSO

- Auditing Standard #2 - Control Based Approach

- Auditing Standard #5 - Top Down Risk Based Approach

- SEC Risk Assessment

- NAIC Risk Assessment

- NAIC Risk Mitigation Strategy

Section 3 - NAIC Model Audit Guidance

- NAIC's Financial Condition Examiners Handbook

- NAIC's Audit Rule Implementation Guide

- SEC Management Guidance

- CMMI Levels of Maturity

Section 4 - Internal Control Methodologies

- Many Models

- SOX Methodologies

- COSO Internal Control Framework

- COBIT Framework

Section 5 - Entity-Level Controls - Risk Assessment

- COSO Top Down Approach

- NAIC's Prospective

- NAIC's Exam Phase 1

- COSO Risk Assessment Component

- Specific Financial Reporting Objectives

- Financial Reporting Risks

- Fraud Risks

Section 6 - Entity-Level Controls - Control Environment

- Tone at the Top

- COSO Control Environment Component

- Integrity and Ethical Values

- Board of Directors

- Management's Philosophy & Operating Style

- Organizational Structure

- Financial Reporting Competencies

- Authority and Responsibility

- Human Resources

Section 7 - Entity-Level Controls - The Supporting Components

- COSO Control Activities Component

- Integration with Risk Assessment

- Selection & Development of Control Activities

- Policies and Procedures

- Information Technology

- COSO Information & Communication Component

- Financial Reporting Information

- Internal Control Information

- Internal Communication

- External Communication

- COSO Monitoring Component

- Ongoing and Separate Evaluations

- Reporting Deficiencies

Section 8 - Business Process Controls and Testing

- Key Elements of ICFR

- Business Processes & Cycles

- Testing Standards

Section 9 - Information Technology General Controls


- NAIC's Prospective on IT Controls

Section 10 - Management's Assessment

- Knowledge Transfer to Auditors

- Using the Work of Others

- Management's Assessment

- Opining to the Auditor

Section 11 - Going Forward

Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

"Please contact the event manager Marilyn (marilyn.b.turner(at)nyeventslist.com ) below for:

- Multiple participant discounts

- Price quotations or visa invitation letters

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Regus Office Facility

3960 Howard Hughes Parkway

Suite 500

Las Vegas, NV 89169

View Map

Refund Policy

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