The Actuarial Role in Financial Reporting

This is the fourth in a series of interviews on the history of ideas published by the NAAJ in commemoration of the fiftieth anniversary of the Society of Actuaries. This contribution to the series covers developments in financial reporting for life insurance companies and for the sponsors of long-term employee benefits. Financial reporting techniques developed in response to the information requirements of efficient capital markets, and they have influenced advances in accounting and actuarial thought.