To encourage management accountability for the financial statements required by the directors, the insurance consultants, insurance managers and captive insurance firms' CEO and chief financial officer should state in writing to the audit committee and the Board as a whole that the insurance consultants, insurance managers and captive insurance firms' interim and annual financial statements present a true and fair view, in all material respects, of the insurance consultants, insurance managers and captive insurance firms' financial condition and results of operations in accordance with applicable accounting standards.