Uniform Accounting - A Study of Regulation

So many speeches have been given and so many papers written in the past few years on the subject of Uniform Accounting that this writer suffers a sense of guilt for adding these notes to the din. A review, however, of the recent Proceedings of the Society reveals "that this current hue and cry, loud as it has seemed to us in the market place, has failed to penetrate the sound proofed walls of our actuarial ivory tower. One's immediate reaction is, of course, that this is just as well, but sober judgment tells us that Uniform Accounting is a very significant current in the broadening river of regulation which had its rise in the S.E.U.A. decision, and even actuaries must keep abreast of the stream. This paper is, therefore, written primarily for the record, but since the author is a confirmed disputant, he cannot refrain from an occasional comment of his own.