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Insurance

The accounting and audit of insurance companies is becoming more important to ensure that the insurance plans that are provided are cost effective, as well as providing the best services to clients. This is because the services that are rendered through an insurance company are very important for the success of the company. Harbins provides trained team of experts to conduct proper and detailed audits of such companies. These professionals are experts in all matters related to the business of insurance companies. They have a solid understanding of all insurance related financial statements as well as audited financial statements. If you are in need of an expert in this area, it may be a good idea to turn to Harbins.

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Why Choose Harbins?

The main thing to consider is the nature of our audits. Some insurance companies focus on issues involving operational finance, while others focus on insurance malpractice issues. Both of these groups have distinct purposes, so it helps to know which group you will be working with. The audit manager for a law firm may focus on internal controls, while the audit for a risk management company may focus on external controls. With Harbins at the helm, you can sit back and watch us automate your business for you entirely.

Support and services

Once you have hired Harbins, then you can start looking at what different services we offer. One service that you should definitely be availing is financial reporting. Every insurance company should be able to provide you with a client profile that will break down their financial status by year, quarter, and year on a yearly basis. Harbins will also review their audited financial statements on a yearly basis. If an audit does come up, Harbins will be able to easily get all of the relevant information in order to perform a successful audit.

How Is The Audit Conducted?

Once you have selected Harbins and received an estimate for their fees, then it is time to actually begin the bookkeeping. It will focus on whether the company was fair in their handling of the finances. This means that the management should have made sure that the financial statements were accurate, up-to-date, and fairly presented. If there are areas that need to be investigated further, such as improper billing or fraud, then Harbins will provide tax consultancy so that your accountant has the necessary experience and training to investigate these areas.