Unlock the tools and knowledge needed to meet NAIC Model Audit Rule (MAR) compliance with our comprehensive CPE training. This 18 CPE-credit program provides an in-depth understanding of how to implement, manage, and evaluate compliance programs based on the COSO 2013 Framework, COSO ERM Framework, and COBIT standards. Designed for compliance managers, controllers, CFOs, and other insurance professionals, this course ensures you're equipped to maintain robust internal controls over financial reporting (ICFR) and address triennial enterprise risk assessments confidently.
Why Choose NAIC Model Audit Rule Training?
1. Master NAIC Model Audit Rule Compliance
Gain a detailed understanding of the Financial Condition Examiners Handbook (FCEH) and its role in MAR compliance.
Learn to interpret and align your processes with the NAIC Model Audit Rule Implementation Guide and key frameworks like COSO and COBIT.
2. Hands-On Learning Approach
Practice through real-world case studies, with tools that align theory to practical applications.
Access exclusive reference materials, including 55 curated documents for implementing MAR compliance successfully.
3. Earn 18 CPE Credits
Fulfill your Continuing Professional Education (CPE) requirements with this NASBA-approved course, ideal for insurance industry professionals.
4. Improve Risk and Compliance Standards
Learn cost-effective strategies to streamline compliance efforts for annual ICFR audits and triennial enterprise risk assessments as required by MAR.
What You’ll Learn
This course is packed with actionable knowledge, equipping you to ensure compliance while improving audit quality across your organization.
Key Learning Objectives:
Gain Proficiency in MAR Requirements
Understand the purpose, scope, and application of the NAIC Model Audit Rule.
Learn how to meet annual ICFR assessment and triennial enterprise risk management (ERM) evaluation requirements.
Master the COSO and COBIT Frameworks
Learn to establish and evaluate internal controls using COSO 2013 and COSO ERM.
Explore how the COBIT framework enhances IT governance and compliance.
Analyze and Mitigate Common Risks
Identify and address risks to financial reporting using COSO’s 17 principles.
Develop controls to mitigate risks effectively while meeting supervisory expectations.
Align with FCEH Requirements
Incorporate guidelines from the Financial Condition Examiners Handbook into your compliance program.
Understand how NAIC MAR impacts insurance audits, reporting, and examinations.
Continually Improve Your Compliance Framework
Stay updated on the latest amendments to NAIC MAR.
Implement best practices and strategies to address gaps in compliance programs.
Course Details
Schedule: Conducted Tuesday–Thursday every 8 weeks, featuring 3 sessions from 9 a.m. to 3 p.m. CST.
Delivery Format: Group Internet-Based learning with interactive lectures, case studies, and discussions.
Fee: $1,500 per attendee.
Credits: 18 CPE credits (50 minutes of instruction per credit).
Private Sessions: Available for teams of two or more with custom scheduling to fit your needs.
Course Structure
This three-day course is broken into easily digestible sessions designed to maximize learning.
Day 1 – Fundamentals of MAR and Internal Controls
Overview of the NAIC Model Audit Rule.
Introduction to COSO and COBIT frameworks.
Developing a risk-based approach to internal controls over financial reporting (ICFR).
Day 2 – Advanced Risk Management and Compliance
Applying the independence framework to maintain audit integrity.
Understanding triennial enterprise risk assessments and reporting requirements.
Improving compliance efficiency with tools from the Financial Condition Examiners Handbook.
Day 3 – Practical Application and Reporting
Case studies on MAR compliance for annual and triennial filings.
Effective communication of ICFR results to stakeholders.
Corrective actions and follow-ups for identified compliance gaps.
Who Should Attend?
This course is ideal for professionals in the insurance industry with a focus on compliance and internal controls, including:
Compliance Managers ensuring adherence to regulatory frameworks.
CFOs, Controllers, and Financial Executives overseeing ICFR and audits.
Internal and External Auditors tasked with MAR assessments and risk evaluations.
Whether you're experienced in regulatory compliance or looking to enhance your skills, this training will empower you to meet NAIC MAR requirements with confidence.
Why the NAIC Model Audit Rule Matters
The NAIC Model Audit Rule is a critical regulatory framework that holds insurance companies accountable for maintaining effective internal controls and risk management programs. By adhering to MAR requirements:
Ensure Regulatory Compliance: Maintain accurate financial reporting and meet audit expectations.
Strengthen Risk Management Practices: Use COSO and COBIT frameworks to mitigate potential risks effectively.
Build Stakeholder Confidence: Deliver reliable, transparent financial reports that inspire trust.
Take the Lead in Compliance Excellence
Join this NAIC Model Audit Rule Training to gain actionable insights, practical tools, and strategies to enhance your compliance efforts. With 18 CPE credits and expert-led instruction, this program will help you build a solid foundation in regulatory compliance and risk management.
Register today to secure your spot and take your organization’s compliance program to the next level!

NAIC Model Audit Rule Programs

$1,500.00

Quantity

Offered on Tuesday-Thursday once every eight weeks in three six hour sessions for 18 CPE credits.

The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone.

There will be a lunch break from 12:00 noon to 12:30 p.m. each day.

We can schedule private events on your timetable for two or more attendees.

NASBA Program Disclosure

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Business Law, Business Management & Organization, Behavioral Ethics, Information Technology
CPE Credits: 18, based on 50 minutes of instruction per hour
What are the NAIC Model Audit Rule goals?

Which organizations fall under the NAIC Model Audit Rule provisions?

What is the definition of "internal controls over financial reporting".

What ELCs are contained in a "NAIC Model Audit Rule Program".

How do you approach creating an ICFR risk assessment?

Establishing clear policies and procedures for internal control over financial reporting that align with the COSO 2013 framework.

Identifying and assessing the risks to internal control over financial reporting.

Designing and implementing controls to mitigate identified risks.

Monitoring the effectiveness of controls on an ongoing basis.

Conducting an annual assessment of the internal control over financial reporting using the COSO 2013 framework to determine if it is operating effectively.

Communicating the results of the assessment to management and the board of directors.

Taking corrective action, as necessary, to address any deficiencies identified during the assessment.
Understand the purpose and key elements of the NAIC Model Audit Rule (MAR) program, and how it relates to the COSO framework.

Learn about common risks and issues that can be identified through internal audits, and best practices for addressing them with a NAIC Model Audit Rule Program.

Gain knowledge of the benefits of following the NAIC Model Audit Rule Program guidelines within the FCEH, including improved internal controls and risk management practices.

Understand the requirements and expectations for planning, conducting, and reporting internal audits in accordance with the NAIC Model Audit Rule program.

Learn how to apply the NAIC Model Audit Rule program to their own insurance company and identify areas for improvement in their internal audit process.

Understand the importance of continuous learning and staying current with changes and updates to the NAIC Model Audit Rule program.
Section 1: Introduction and Background

Section 2: Introduction to the Model Audit Rule (MAR) program requirements

Section 3: Overview of the COSO framework and how it relates to the MAR program

Section 4: Discussion of key elements of the MAR program, including planning, conduct, and reporting

Section 5: Examples of common risks and issues identified within MAR Programs and the best practices for addressing them

Section 6: Discussion of the benefits of following the MAR guidelines, including improved internal controls and risk management practices

Section 7: Q&A session for attendees to ask specific questions about the MAR program and how it applies to their organization

Section 8: Conclusion and next steps for implementing the MAR program in an insurance organization.
This CPE event on NAIC Model Audit Rule Programs offers a comprehensive exploration of the regulatory framework and best practices related to the National Association of Insurance Commissioners (NAIC) Model Audit Rule.

Attendees can expect an in-depth analysis of the key components and requirements outlined in the NAIC Model Audit Rule, focusing on its implications for insurance company audits and compliance.

This session delves into critical areas such as risk assessment, internal control evaluation, financial reporting, and the role of internal and external auditors in ensuring adherence to the regulatory standards set forth by NAIC.

Participants will gain valuable insights into the practical application of the model audit rule within the insurance industry, empowering them to navigate the complexities of regulatory compliance with confidence and proficiency.
After participating in the CPE event focused on NAIC Model Audit Rule Programs, expanding your knowledge with additional resources from authoritative sources is crucial. These sources provide valuable insights and in-depth content to further enhance your understanding of the NAIC Model Audit Rule and its implications within the insurance industry:

National Association of Insurance Commissioners (NAIC)

The NAIC serves as the authoritative source for information related to the Model Audit Rule, offering comprehensive guidance that delves into the requirements and implications for auditors and insurers. The Financial Condition Examiners Handbook is the NAIC audit manual that controls the NAIC audit processs for the examination of all insurance companies.

Annual Financial Reporting Model Regulation

Accessing the annual financial reporting model regulation (NAIC Model Audit Rule) provides a deeper understanding of the regulatory framework and its impact on insurers required to file audited financial reports.

Financial Condition Examinars Handbook

The primary purpose of a risk-focused examination is to review and evaluate an insurer’s business processes and controls to assist in assessing and monitoring its current financial condition and prospective solvency. This NAIC audit manual provides the detail guidance for conducting the examination.

Baker Tilly Insights on the NAIC Model Audit Rule

Baker Tilly offers valuable insights and best practices related to the NAIC Model Audit Rule, providing recommendations to improve organizational programs in accordance with NAIC audit standards.

By leveraging these authoritative sources, you can continue to enhance your expertise, stay informed about industry best practices, and gain valuable insights into the regulatory landscape of NAIC Model Audit Rule programs.

NAIC Model Audit Rule Programs

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

Summary of the Subject Matter

Authoritative Sources