Session Information
CAS Spring Meeting 2009
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Town Hall Meeting with the Independent Auditor''s Actuary
Track : Monday, May 4, 2009
Program Code: G-02
Date: Monday, May 4, 2009
Time: 10:45 AM to 12:15 PM  EST
MODERATOR :
Michael Toothman, Actuarial and Risk Consulting Services
PANELIST (S):
 Lisa Slotznick, Managing Director, PricewaterhouseCoopers LLP
 Patricia Teufel, Past Member of the Board of Directors and Executive Council, KPMG LLP
Steven Visner, Principal, Deloitte Consulting LLP
James Votta, Principal, Ernst & Young LLP
Description
Interactions among company, consulting, and auditing actuaries continue to grow alongside the rising profile of independent statutory and GAAP audits. The four largest accounting firms conduct over 70% of U.S. independent audits. In this session, actuaries from these firms will share their perspective on the work products they review and some of the more common professionalism issues they tackle. Given the advances being made in determining reserve ranges, how are these ranges incorporated both in the audit approach and in company's financial statement disclosures? Where does the concept of the risk of material adverse deviation (RMAD) fit into financial reporting? What mistakes, conflicts, and issues commonly emerge in year-end audits? What leading practices do companies need to know? This session's town hall format will give you the opportunity to ask representatives from the top auditing firms to address the questions and issues that you find most relevant.


No items are available for this session.