• Have you assessed the risk involved in reviewing actuarial reports and relying exclusively on the specialist that produced the report?
• What effect would it have on your audit if the liabilities or expense were valued with inappropriate assumptions, causing the results in a future year to vary dramatically?
• Does the actuary that produced the report walk you through the complexities of the rules so that you thoroughly understand how they impact your client and you as the auditor?
• Are you familiar with how assumptions are set for pension and Other Post-Employment Benefit (“OPEB”) plans?
• How will the new Financial Accounting Standards Board No. 158 (FASB 158) accounting rules affect your clients’ financial statements?
• How will the new Governmental Accounting Standards Board No. 43 and No. 45 (GASB 43 and GASB 45) accounting rules affect your clients’ financial statements?

These are not your everyday questions. When you choose Clarity In Numbers for your actuarial services, the Clarity professionals will help you understand your obligations, develop a course of action, and allow you to go about running your organization.

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