Actuarial Standards Board

[david rigby]

Anyone have any thoughts on this?

http://www.actuarialstandardsboard.org/pdf...and2_repeal.pdf

[MGB]

They have been considering this for a long time. The items repealed were written in an educational format, rather than a standards format. Standards provide guidelines on professional behavior. There are a number of different Actuarial Standards of Practice (all written after the repealed pieces) that apply to services under SFAS 87 and 88. Most of what was in the repealed pieces concerned methodology and algorithms for interpreting the FASB standards. That is no longer necessary.