Actuaries and Auditors' interprofessional communication - pensions

The Pensions Protocol (actuaries and auditors' interprofessional communication - pensions) is designed to link and support the technical standards for actuaries and auditors issued by the Faculty and Institute of Actuaries and the Auditing Practices Board. It consists of explanatory material and suggested questions that actuaries and auditors might wish to ask each other to elicit information for the purposes of their respective engagements. The objective of the document is to help practitioners in one profession to understand the role of the other and thereby obtain the information they need in the most cost-efficient way.

To minimise the time spent on communications and maximise the benefit, it is important that actuaries and auditors adapt the suggested questions to the circumstances of each engagement. The questions are examples, to focus consideration and are not to be used as a checklist; they are not intended to be used indiscriminately and application of the protocol is not mandatory.

Full copy of the Protocol Dec 2003 [pdf]