Auditing FCA-regulated Mortgage and General Insurance Brokers (MGIs)

This course, which follows on from the introductory course, is designed to focus in greater depth on the FCA regulatory regime for Insurance Intermediaries and to ensure auditors are equipped with the knowledge and skills needed to comply with their responsibilities to both the client and the FCA.  

Aimed at partners and qualified staff with experience in dealing with FCA firms, the course will revisit key statutory audit and especially CASS audit issues.  

This course will cover:  

• A brief refresher on the regulator’s role and key FCA sectors including mortgage brokers, general insurance brokers and the Lloyd’s market 
• How firms might inadvertently act outside their permissions and the consequences for the audit  
• A refresher of key FCA rules affecting Insurance intermediaries, including financial resources/PII and RegData reporting rules  
• Guidance on the preparation of accounts and, if relevant, the statutory audit of Insurance Intermediaries, including consideration of laws and regulations  
• An overview of the CASS chapter 5 rules and the CASS audit regime (per the FRC CASS Assurance Standard, the latest ICAEW Guidance and FCA guidance for auditors)  
• Practical problems on CASS audits  
• Auditors’ whistleblowing rights and duties  

The content for online courses predating 2025 may vary.