Who prepares the financial examination of prepaid funeral trusts as required annually?

The preparation of the financial examination of prepaid funeral trusts on an annual basis falls to a Certified Public Accountant (CPA). This requirement stems from the need for transparency and accountability in the management of prepaid funeral trusts, ensuring that these funds are being handled appropriately and are available for their intended purpose.

Certified Public Accountants are uniquely qualified to conduct these financial examinations due to their expertise in accounting principles, financial reporting, and auditing standards. By employing CPAs for this task, the state can ensure an independent and thorough evaluation of the financial status and compliance of these funeral trusts.

In contrast, while insurers, state accountants, and the Attorney General play significant roles in regulating and overseeing financial practices within their respective domains, they are not specifically tasked with the annual preparation of financial examinations for prepaid funeral trusts. Insurers may provide backing for such trusts, state accountants may audit state finances, and the Attorney General's office may enforce laws, but the precise responsibility for these particular examinations lies with CPAs.