ASB Process and Tools

Revisions to Standards

General Professionalism


  • Financial Reporting Recommendations and Interpretations 7, 9, 11 (AAA – Doc. No. 067; Adopted 1975, Revised 1978) Financial Reporting Recommendations 7 and 11 and their respective Interpretations remain in effect for Actuarial Opinions rendered in jurisdictions which have not adopted the current version of the Model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation. Financial Reporting Recommendation 9 and its Interpretations dealing with the application of the concept of materiality to actuarial aspects of the financial reporting of life insurance companies also remain in effect.
  • Risk Classification Statement of Principles
  • Repeal of Interpretative Opinions 3 and 4 (Doc. No. 088; April 2002)
  • Report of the Pension Task Force of the Actuarial Standards Board