95BFinancial audits—Act, s 145J (d) and (f) and s 145U (d)

95B Financial audits—Act, s 145J (d) and (f) and s 145U (d) (1) The regulator may direct a financial auditor to conduct a financial audit of— (a) a licensed insurer; or (b) a licensed self-insurer. (2) The financial auditor must— (a) conduct the financial audit in accordance with any protocol approved by the Minister for the audit; and (b) provide a written report to the regulator and the person audited, within the time set by the regulator. Note The person audited must comply with the requirements of the person conducting the audit (see s 73 and s 89). financial audit means an audit of— (a) financial and prudential soundness; and (b) the ability to meet existing and expected liabilities under the Act. financial auditor means a person appointed under section 95C to conduct a financial audit.