Auditors from 2004 year end will be required to source an independent actuarial report on the value of technical liabilities in the FSA Returns and in the balance sheet.  The larger audit firms will use their current in-house actuaries for this function.  The report needs to be signed by an actuary with the equivalent of a practicing certificate.  We can supply this service to audit firms who do not have their own actuarial resource.  We can also provide peer reviews on the other statutory responsibilities.

Key Benefits

• Experienced actuarial sign off.
• Cost effective.
• Aware that we need to be part of a team.

Capabilities

We have a good idea of audit requirements from the compliance work we have carried out.

Risk Assessment

We are experienced in this and, with our own actuarial function work, able to contribute positively to the audit plan.  We understand the need for a well planned and efficient audit. 

Audit Trails

We know the importance of proper documentation of both the item being audited and the audit process itself.

Clear communication and Teamwork

We know that we are part of the audit team and are keen to ensure that all results are clearly communicated with early warnings given at the right stage.