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ISAP 1 – General Actuarial Practice
Current Version - Revision adopted on 1 December 2018; minor correction on 16 April 2019
This ISAP provides guidance to actuaries when performing actuarial services to give intended users confidence that
- Actuarial services are carried out professionally and with due care;
- The results are relevant to their needs, are presented clearly and understandably, and are complete; and
- The assumptions and methodology (including, but not limited to, models and modelling techniques) used are disclosed appropriately.
This ISAP provides guidance to actuaries when performing actuarial services to give intended users confidence that
- Actuarial services are carried out professionally and with due care;
- The results are relevant to their needs, are presented clearly and understandably, and are complete; and
- The assumptions and methodology (including, but not limited to, models and modelling techniques) used are disclosed appropriately.