APRA releases minor amendments to standard on audit and related matters for life insurers
The Australian Prudential Regulation Authority (APRA) has released a minor amendment to Prudential Standard LPS 310 Audit and Related Matters (LPS 310).
The letter to life insurers issued today communicates the minor changes to Attachment A of LPS 310.
The letter and the updated prudential standard are available on the APRA website at: Correction to Prudential Standard LPS 310 Audit and Related Matters.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.