An audit is coming. It isn't a question of 'if,' it's a question of 'when?'
If there ever was a time to be proactive about audit preparation – it's right now.
As the dust settles and the industry begins to stabilize, federal and state regulators are taking steps to make sure this crisis never repeats itself. The Government Accountability Office's recommendations in its 2007 report, “Actions Needed to Improve Oversight of the Title Industry and Better Protect Consumers” only heighten the need to be prepared.
The writing is on the wall everywhere. The NAIC's Title Issues Working Group has finalized its State Page Proposal – which means all title insurers will need to provide even more detailed information in their annual statements. On top of the regulators, underwriters have also become more focused on what their agents are doing, ramping-up audits to ease investor concerns.
Join our panel of auditing experts for Acing the Audit: Tips and Tools for Successful Audit Preparation, and get tons of useful tips, tools and tricks to make your audit pain-free.
The audio seminar covers:
- Best practices to ensure you're always ready for a clean audit
- Tools of the trade to help simplify your preparation efforts
- Implement internal controls to keep all staff members accountable
- How to avoid the usual accounting pitfalls (or get out if you fall in one)
- Learn what things draw an auditor's attention – and how to avoid them
In this show, not only will you hear from an agent who has created processes and products to make accounting easier – but also a former “in the trenches” auditor and the director of auditing for a large regional underwriter.
Westcor Land Title Insurance Company
New York State