Question

What is the purpose of Schedule 'C' in the context of IRDA Regulations for insurance companies?

a.

It specifies the accounting standards applicable to insurers.

b.

It provides guidelines for the preparation of Cash Flow Statements.

c.

It outlines the requirements for the Auditor's Report on Financial Statements.

d.

It details the reporting requirements for revenue accounts.

Answer: (c).It outlines the requirements for the Auditor's Report on Financial Statements. Explanation:Schedule 'C' in the context of IRDA Regulations provides the requirements for the Auditor's Report on Financial Statements for insurers.

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Q. What is the purpose of Schedule 'C' in the context of IRDA Regulations for insurance companies?

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