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NAIC Model Audit Rule Compliance Academy

Wednesday, November 18, 2020, 9:00 AM - 3:00 PM

NAIC Model Audit Rule Compliance Academy
About this Event
Focuses on the skills need by insurance professionals working on NAIC MAR annual compliance programs.

Our approach with this training academy is to provide the relevant information and skills which professionals will need to fulfill the "Internal Control Life Cycle" using the "top-down, risk-based" approach.

We teach the background knowledge sources, provide advice on how to conduct risk assessments, discuss scoping, and review how to plan the assessment of an internal control framework. Risk management activities are the key process to determine the requirements of a NAIC MAR program. The MAR program deliverables should lead to management's opining on the status of the internal control framework in reference to an insurance commissioner's reporting requirements.

We have created detailed workshop materials based on our experiances with the creation and validation of internal controls for the annual compliance with MAR. Each attendee will go home with a set of 51 documents that were used to create the academy.

This twenty-four hour (Three Day) CPE course provides you with the tradecraft skills to implement a compliance program that is consistent with NAIC Model Audit Rule compliance.

What You Get!!!:

We present the roadmap to having the skills and knowledge to work on NAIC MAR compliance.

Relax, learn and enjoy expert instructor presentations, group discussions, role-playing, audit and compliance exercises, white-board diagramming and simulations.

Benefits of Attending

- Review how COSO 2013 is structured

- Understand the skills necessary to design, implement and test controls

- Know the key program management deliverables within a COSO 2013 program

- Review the implications for using COSO 2013 and its assessment

Seminar Highlights

- NAIC Model Audit Rule Compliance

- The Components of COSO

- How to gauge the effectiveness of internal controls

- How to build a "Culture of Compliance

Learning Objectives

- Defining "MAR based internal control framework" within an insurance organization

- Describing the MAR Control Framework and its documents to management

- Positioning attendees to design, implement and assess internal controls at all levels

Key Issues on the Agenda


Section 1 - NAIC Regulatory Context

. NAIC Regulatory Context

. NAIC Solvency Modernization

. Risk-Focused Surveillance Cycle

. Risk Assessment Cycle

. NAIC Model Acts


. How the World Works!

. Internal Control & Quality Control Defined

. The Big Three Connection Concept

. Understanding the 'Real Risks" - Pareto's Principle

. The Layers of Cause

. Deming's 14 Quality Concepts

. Enterprise Risk Management Concept

. Mission - Values - Business Model Concept

. Humans and Internal Controls

. Tone at the Top Concept

. Competence

. Human Communications

. Dr. Kotter's Steps for Change

. Program Management Concept


. SOX vs NAIC Model Audit Rule

. Why Frameworks!!

. U.S. GAAP vs Statutory Accounting Principles

. COSO ERM Components

. COSO 2013 Components & 17 Principles


. Moore's Law

. Categories of IT Control

. What is information technology all about?

. Information Technology Quality Control Frameworks


. COBIT 5.0 Principles

. COBIT Enterprise Enablers

. COBIT 5.0

Cost: $1,975

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201 St. Charles Avenue Suite 2500 New Orleans, LA
New Orleans, LA 70170

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