Cbtt – Circular on Release on Version 3.1 of Annual Returns for Insurance Companies
Please note the following important update from the Central Bank of Trinidad and Tobago (CBTT) regarding the release of Version 3.1 of the annual returns for insurance companies:
This update ensures compliance with the latest IFRS 17 standards for financial reporting. It is crucial that all members involved with insurance companies adhere to these new requirements.
Template for Use by the External Auditors in the Execution of Their Obligation Under the Regulator’s Guidelines on the Implementation of the Tax Information
The following template was prepared by the Institute of Chartered Accountants of Trinidad and Tobago (“ICATT”), in consultation with the Central Bank of Trinidad and Tobago (“the CBTT”) and the Trinidad and Tobago Securities Exchange Commission (“the TTSEC”), in accordance with the CBTT and the TTSEC Guidelines on the Implementation of the Tax Information Exchange Agreements (United States of America) Act, 2017 (“the TIEAA Guidelines). All external auditors must submit their reports using this template to the Board of Directors and to the relevant Supervisory Authority in the execution of the reporting obligation defined in the TIEAA Guidelines
Recommended template for use by External Auditors in the execution of an Independent Auditor’s report for Insurance Agents / Brokers as required by the insurance act 2018 (As amended in 2020) This document was approved by Council on July 15th 2021.
Recommended template for use by the External Auditors in the execution of their obligation under the regulator’s Guidelines on the Implementation of the Tax Information Exchange Agreements (United States of America) Act, 2017.
Recommended template for use by the External Auditors in the execution of their obligation under the regulator’s Guidelines on the Implementation of the Tax Information Exchange Agreements (United States of America) Act, 2017
Updated Summary Financial Statements Position Paper
This paper applies when an entity presents summary financial statements instead of full audited annual financial statements to users who have public access to, or would otherwise have received, the entity’s full audited annual financial statements. Summary financial statements are intended to meet the information needs of users who do not require all the information contained in full audited annual financial statements. Therefore, the summary financial statements presented by an entity are additional to the full audited annual financial statements presented by that entity
Recommended Template for Use by the External Auditors in the Execution of Their Obligation Under Regulation 10 (2) (A) of the Financial Obligations Regulations 2010 (as Amended)
The following template was updated by the Institute of Chartered Accountants of Trinidad and Tobago, in consultation with the Central Bank of Trinidad and Tobago, the Financial Intelligence Unit of Trinidad and Tobago and the Trinidad and Tobago Securities Exchange Commission, in accordance with the relevant anti-money laundering laws and regulations. All external auditors must submit their reports using this template to the Board of Directors and to the relevant Supervisory Authority in the execution of the reporting obligation defined in Regulation 10(2)(a) in the Financial Obligations Regulations 2010 (as amended).
The Institute of Chartered Accountants of Trinidad and Tobago
Have Any Query? Write Now!
©2025.ICATT. All Rights Reserved.
