The ASB recently adopted a revision of ASOP No. 32, Social Insurance. The standard applies to actuaries when performing actuarial services in connection with an actuarial analysis of a Social Insurance Program whether the actuary’s principal is or is not a government agency with responsibility for the valuation of a Social Insurance Program. The standard also applies to actuaries with oversight responsibility for the actuarial services for Social Insurance Programs when serving as an auditor, reviewer, a member of an actuarial advisory committee, or a member of a technical panel. The ASOP is effective for work commenced on or after Sept. 1, 2021 and can be viewed here.
