MODERATOR
:
John T. Stokesbury, FSA, MAAA, EA, FCA
PRESENTER
(S):
Stuart H. Alden, FSA, MAAA, FCA
John T. Stokesbury, FSA, MAAA, EA, FCA
Margaret R. Hermann, FSA, MAAA
Description
Even though summer is just starting, you can't stop thinking about preparing year-end retiree medical disclosures and/or IBNR estimates for your employee benefit clients. The past few years have seen year-end work become ever more stressful, what with tighter deadlines, changes in accounting standards and significantly increased auditor scrutiny and demands. Actuaries can't do much about the first two, but you can have a better understanding of what types of information the auditors are likely to be looking for, why they need it and tips to make the year-end process go as smoothly as possible for actuaries, the auditors and our joint clients. The presentation includes these topics:
• understanding the audit lingo, process and goals,
• who audits the auditors?
• professionalism requirements,
• best practices and potential year-end issues and
• stories from the field.