- A. The superintendent will not accept any annual audited financial report prepared in whole or in part by any person or firm that is not recognized as a qualified ICPA.
- B. The examination of the insurer’s financial statements shall be conducted in accordance with generally accepted auditing standards.
- C. The ICPA shall use such other procedures illustrated in the NAIC’s financial condition examiner’s handbook as the ICPA may deem necessary.
[13.2.5.20 NMAC - Rn & A, 13.2.5.19 NMAC, 10/01/2020]