Interaction with Auditors

In-house and consulting actuaries must be able to communicate their findings to both internal and external auditors, including actuaries who are functioning as part of the audit team. This panel will discuss the responsibilities of all parties involved in the process, misconceptions about what is and is not done by each of the parties, procedures which can be implemented to make the process run smoother, approaches to resolving disputes should they occur, and appropriate reserve ranges. In addition, the panel will discuss the varied roles and responsibilities of the actuary and the auditor in identifying data problems and possible adjustments.