# D.C. Code § 31-307: Scope of audit and report of independent certified public accountant

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-307

## Section

- **Citation:** D.C. Code § 31-307
- **Heading:** Scope of audit and report of independent certified public accountant
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 31 / Chapter 3 / § 31-307

## Text

Financial statements furnished pursuant to § 31-303 shall be examined by an independent certified public accountant. In accordance with AU section 319 of the Professional Standards of the American Institute of Certified Public Accountants, Consideration of Internal Control in a Financial Statement Audit, the independent certified public accountant shall obtain a sufficient understanding of the insurer’s internal controls to ensure that the audit plan is effective. To the extent required by AU section 319, for those insurers required to file a management’s report of internal control over financial reporting pursuant to § 31-311.03 , the independent certified public accountant shall consider the most recently available management reports in planning and performing the audit of the statutory financial statements. The audit of the insurer’s financial statements shall be conducted in accordance with generally accepted auditing standards. Consideration shall also be given to such other procedures illustrated in the Financial Condition Examiner’s Handbook promulgated by the NAIC as the independent certified public accountant deems necessary.

## Nearby sections

- [D.C. Code § 31-301 § 31-301. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-301.md)
- [D.C. Code § 31-302 § 31-302. General requirements for filing audited financial reports and audit committee appointments; extensions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-302.md)
- [D.C. Code § 31-303 § 31-303. Contents of annual audited financial report.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-303.md)
- [D.C. Code § 31-304 § 31-304. Designation of independent certified public accountant.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-304.md)
- [D.C. Code § 31-305 § 31-305. Qualifications of independent certified public accountant.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-305.md)
- [D.C. Code § 31-306 § 31-306. Consolidated or combined audits.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-306.md)
- [D.C. Code § 31-307 § 31-307. Scope of audit and report of independent certified public accountant.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-307.md)
- [D.C. Code § 31-308 § 31-308. Notification of adverse financial condition.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-308.md)
- [D.C. Code § 31-309 § 31-309. Communication of internal control related matters noted in audit.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-309.md)
- [D.C. Code § 31-310 § 31-310. Accountant’s letter of qualifications.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-310.md)
- [D.C. Code § 31-311 § 31-311. Definition, availability, and maintenance of independent certified public accountant workpapers.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-311.md)
- [D.C. Code § 31-311.01 § 31-311.01. Requirements for audit committees.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-311.01.md)
- [D.C. Code § 31-311.01a § 31-311.01a. Internal audit function requirements.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-311.01a.md)
- [D.C. Code § 31-311.02 § 31-311.02. Conduct of insurer in connection with the preparation of required reports and documents.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-311.02.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C3_S31-307. Check the current official text before relying on it. Not legal advice.