65: International Standards of Actuarial Practice – a Primer
A strategic objective of the International Actuarial Association (IAA) is to promote the issuance of actuarial standards in the jurisdictions of all IAA Member Associations. To assist in the achievement of this objective, IAA created the Actuarial Standards Committee for the purpose of producing International Standards of Actuarial Practice (ISAPs) to serve as models. This session will cover IAA strategy for ISAPs; the role of ISAPs as models for national standard-setters or for those adopting them in particular assignments; ISAPs differences from International Actuarial Notes (IANs); the consultation process; and an update on activity and actions taken with respect to any existing or proposed ISAPs.