Michigan Compiled Laws
Article 7 - (339.701...339.736)
Section 339.736 - Issuance of Audit Report; Opinion as to Whether Financial Information Is Presented According to Statutory Accounting Principles.

Sec. 736.
If requested by an insurer, a licensee who agrees to issue an audit report concerning the statutory financial statements of a domestic insurer shall include an opinion as to whether the financial information is presented according to statutory accounting principles as prescribed or permitted by the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302, or orders issued or rules promulgated under that act. An opinion issued pursuant to this section may be separate from the audit report if the letter of engagement provides that the opinion be available for general distribution.
History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 339 - Occupational Code

Act 299 of 1980 - Occupational Code (339.101 - 339.2919)

Article 7 - (339.701...339.736)

Section 339.701-339.716 - Repealed. 1997, Act 10, Imd. Eff. May 16, 1997.

Section 339.720 - Definitions; Practice of Public Accounting.

Section 339.721 - State Board of Accountancy; Creation; Qualifications of Members; Promulgation of Rules.

Section 339.722 - Licenses, Registrations, and Certificates as Certified Public Accountant.

Section 339.723 - Use of Title, Terms, or Abbreviations Indicating Person Is Certified Public Accountant; Prohibited Conduct; Display or Uttering of Certain Instrument or Device as Prima Facie Evidence That Person Caused or Procured Display; Use of C...

Section 339.724 - Conduct Not Prohibited by Article.

Section 339.725 - Issuance of Certificate as Certified Public Accountant; Requirements; Examination; Qualifying Experience.

Section 339.726 - Holder of Certificate Issued by Another State or Foreign Jurisdiction; Requirements for Issuance of Certificate by Department.

Section 339.727 - Use of Authorized Title; Requirements.

Section 339.727a - Individual Whose Principal Place of Business Is Outside of State; Practice Without Need to Obtain Certificate, License, or Temporary Practice Permit; Requirements; Practice Privileges.

Section 339.728 - License to Engage in Practice of Public Accounting; Application by Firm; Requirements; Change in Address; Practice of Public Accountancy Without License Under Subsection (1); Conditions; Other Professional Services Practiced Without...

Section 339.729 - License Renewal; Continuing Education Requirements.

Section 339.730 - Contingent Fee.

Section 339.731 - Commission or Referral Fee.

Section 339.732 - Confidentiality; Disclosure of Information.

Section 339.733 - Statements, Records, Schedules, Working Papers, or Memoranda; Restriction; Sale, Transfer, Bequeathing, or Assignment.

Section 339.734 - Prohibited Conduct; Penalties; Report to Department.

Section 339.734a - Exercise of Privilege Granted by MCL 339.727a; Conditions; Disciplinary Action for Act Committed in Another Licensing Jurisdiction; Prima Facie Evidence of Violation.

Section 339.735 - Violation as Felony; Penalty; Enforcement.

Section 339.736 - Issuance of Audit Report; Opinion as to Whether Financial Information Is Presented According to Statutory Accounting Principles.