Assurance Services
Comprehensive Audit and Assurance Services Crafted to Meet the Needs of Insurance Companies
We have built our insurance audit practice by developing a deep understanding and knowledge of statutory and U.S. GAAP insurance accounting standards and state-by-state regulations. We have also developed outstanding relationships with the NAIC and state regulators. We leverage our deep and unique industry knowledge, partnerships and participation with industry-leading organizations and associations, to provide an efficient and effective audit.
Our insurance industry experience includes audits with diverse insurance companies, including those in the property and casualty, health, life, and annuity sectors, among others.
- Financial Statement Audits & Regulatory Compliance
- Integrated Audits, MAR Audits & SOC Examinations
- Non-Attest Services on Accounting, Reporting & Compliance
- Statutory & U.S. GAAP Accounting, Preparation, Reporting and Auditing
- Self-funded Insurance Plan Audits
- Self-insured Reimbursement Audits
- Insurance-specific Operating Processes & Systems Consulting
Tax Services
Leading Tax Services to Ensure Compliance and Maximize Returns for Insurance Companies
Whether it’s navigating compliance issues or lessening tax burdens, Cherry Bekaert has extensive experience serving clients in the insurance industry. Our Insurance Tax Services Team is widely known for our superior services, having earned a reputation for providing sophisticated federal, state, local and international tax services. Because of our comprehensive knowledge of this highly regulated and complex industry, we understand the specialized tax needs of our clients. Our highly experienced professionals take an individualized approach to understanding insurance organizations, developing smart tax solutions and minimizing tax liabilities.
We handle tax preparation, compliance and financial reporting, including uncertain tax position documentation and representation during audits. We offer expertise in IRS Private Letter Rulings, change of accounting methods, tax planning and state tax analysis. Additionally, we assist with voluntary compliance programs and merger and acquisition planning. Our dedicated team ensures insurance companies receive proficient guidance for their financial needs.
Advisory Services
Full Suite of Advisory Services to Support Our Insurance Industry Clients
As accountants and business professionals, we know your needs extend beyond traditional services. You need trusted advisors who demonstrate sound business practices and deliver practical advice and resources. Our insurance advisory and consulting team brings critical business thinking beyond traditional accounting and tax expertise to an array of industries and disciplines, including insurance and related entities.
