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Comment: Audit scope: New scope for coverholder audits

Alec MacMillan is senior auditor at Triton Audit

New requirements will need to be met after changes to coverholder audits were announced at the Lloyd’s Coverholder Auditors conference. Alec MacMillan, senior auditor at Triton Audit, explains what changes are in store for the sector

At the Lloyd’s Coverholder Auditors conference held in May 2014, Lloyd’s director of performance management Tom Bolt opened by discussing the first changes in two years to the coverholder audit scope

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