Hairy Bactuary
03-03-2008, 05:02 PM
This reading (Management Reports and Reports to Regulatory Bodies) falls under the Professional Considerations section of the syllabus. The learning outcomes are:
A. Explain the role and responsibilities of the appointed / valuation actuary
B. Identify and apply relevant professional actuarial qualification standards
C. Identify and apply actuarial standards of practice relevant to financial reporting and valuation
D. Explain the actuary’s professional responsibilities to stakeholders including obligations under Sarbanes-Oxley
In reading the learning outcomes, I see plenty of references to actuarial topics. However, the study note seems to focus more on describing several reports, including some (pre-SOX) SEC reports. I can see the IRIS ratios (page 23-25) being tested, but I doubt it falls under Professional Considerations. What exactly do ya'll think is testable from this reading?
A. Explain the role and responsibilities of the appointed / valuation actuary
B. Identify and apply relevant professional actuarial qualification standards
C. Identify and apply actuarial standards of practice relevant to financial reporting and valuation
D. Explain the actuary’s professional responsibilities to stakeholders including obligations under Sarbanes-Oxley
In reading the learning outcomes, I see plenty of references to actuarial topics. However, the study note seems to focus more on describing several reports, including some (pre-SOX) SEC reports. I can see the IRIS ratios (page 23-25) being tested, but I doubt it falls under Professional Considerations. What exactly do ya'll think is testable from this reading?