Iowa Admin. Code rr. 191-113.8

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 191-113.8 - Designation of independent certified public accountant

(1) Captive companies, after becoming subject to this rule, shall within 90 days report to the commissioner in writing the name and address of the independent certified public accountant retained to conduct the annual audit set forth in this rule.

(2) A certified public accountant that is retained to conduct the independent annual audit may only be appointed from the list of approved certified public accounting firms or individual certified public accountants maintained by the commissioner.

(3) A captive company that terminates the appointment of an independent certified public accountant retained to conduct the annual audit required in this rule shall report the name and address of the certified public accountant in writing to the commissioner within 90 days after the appointment is terminated and shall, within the same period, report the name and address of the certified public accountant that is subsequently retained.

Iowa Admin. Code rr. 191-113.8

Adopted by IAB April 17, 2024/Volume XLVI, Number 21, effective 5/22/2024