Section 3.21.735. Notification of adverse financial condition.

	(a)  The notification requirements of the independent certified public accountant and the insurer under AS 21.09.200(l) must be completed within five working days after the determination or notice of determination.  
	(b)  If an independent certified public accountant becomes aware of facts after the filing date of the annual audited financial report that might have affected the report, the independent certified public accountant shall take action as prescribed in the American Institute of Certified Public Accountants' AU Section 561: Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, dated July 9, 2007 and adopted by reference.   

Authorities

21.06.060;21.06.090;21.09.200

Notes

Reference

3 AAC 21.705

Authority

AS 21.06.060 AS 21.06.090 AS 21.09.200 Editor's note: The American Institute of Certified Public Accountants' AU Section 561: Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, dated July 9, 2007, may be obtained from the American Institute of Certified Public Accountants' website at http://www.aicpa.org.

History

Eff. 8/31/2008, Register 187