The Appointed Actuary's Report of Insurance Company Published Financial Statements

The article outlines standards of practice which apply to the Canadian appointed actuary’s report in financial statements published in accordance with generally accepted accounting principles. The standards of practice describe the content of the actuary’s report, situations where a standard report is appropriate, the standard report, and the drafting of a report with reservations for unusual situations. The authors also discuss various situations affecting insurance company financial condition and provide guidance as to proper financial reporting through written examples. KEY WORDS: Actuaries, Canadian Appointed Actuary, Canadian Issues, Financial Reporting, Insurance Company Financial Condition.