by Mary Frances Miller
If you practice in the United States,or if your client does business in the U.S., proposed changes to the AAA qualification standards may affect you. If you do not currently sign prescribed statements of actuarial opinion (PSAO), the only written qualification standard that applies today is Precept 2 of the Code of Conduct, which requires you to perform actuarial services only when qualified to do so. Determining whether you are qualified is left to your own judgment. The proposed general qualification standard applies to an expanded category of actuarial
services, and it does not leave the decision to your own "look in the mirror" test.
The new qualification standard, if adopted by the AAA Board, will apply to all Statements of Actuarial Opinion (SAO) that go to anyone other than your immediate employer.
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