In the September/October 2021 issue of Actuarial Review, we published an Ethical Issues column (“I am Confused? Which Actuarial Standards Apply to Me?”) covering the requirements of a CAS credentialed actuary performing work for a client or employer in Canada. We researched and referenced the Canadian Qualification Standards, the Cross-Border Discipline Agreement between the Canadian Institute of Actuaries (CIA) and the U.S.-based organizations, and the CIA Standards of Practice. We drew our conclusions from our interpretations of these references.
But, to quote Robert Burns, “The best laid schemes o’ Mice an’ Men. Gang aft agley,” or to translate from Scottish, “The best laid plans of mice and men can still go wrong.”
Since the article appeared last fall, we have been made aware of additional considerations and possible interpretations by our Canadian colleagues. We are pleased that our article has been the catalyst for spirited discussion and even more pleased that people read our articles!
We are in the process of gathering, evaluating and responding to the feedback we’ve heard. If you’d like to join the conversation, send an email to email@example.com with “CIA professionalism requirements” in the subject line. We intend to provide a follow-up article with clearer practical strategies in a later issue. Stay tuned.