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Auditors

Professional Accountability Insurance of Registered Auditors is obligatory for any existing certified Chartered Accountant or Specialized Audit Firm.

What coverage does this insurance provide?

This insurance provides protection against compensation claims brought by its trustees for damages in the course of an independent financial audit of financial statements of the enterprises. The damage must have occurred as a direct and immediate consequence of the activity being carried out.

The insurer shall consider and indemnify claims filed against the insured for the first time in writing during the term of the insurance, provided that the events on the basis of which the claims were made after the date the insurance began.

Insurance protection can be extended by signing the Retroactive Action cover.

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