david rigby Posted October 16, 2014 Share Posted October 16, 2014 Any actuaries had inquiries from auditors w/r/t SSAE 16? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Peter Gulia Posted October 16, 2014 Share Posted October 16, 2014 If the actuary's services include making or keeping records that the plan's administrator relies on to perform its accounting for the plan's assets, income, or expenses, an independent qualified public accountant might request (and usually should request) a SSAE 16 report on the actuary's controls for those records. If the actuary's services are limited to actuarial reports based on information furnished by others, there might be no system of records or controls that an actuary's independent CPA could report on. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
david rigby Posted October 16, 2014 Author Share Posted October 16, 2014 Agreed, but that will not stop the accountant for asking for a "SSAE16 report", exactly like many previously requested the actuary's "SAS70 report". I'm just curious about the extent of such requests, and how other actuaries have responded. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Peter Gulia Posted October 16, 2014 Share Posted October 16, 2014 Does the mistaken request happen often enough that one should write a "form letter" to respond to it? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
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