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Strategic Outcome: Users of actuarial information can place a high degree of reliance on its relevance, transparency of assumptions, completeness and comprehensibility.
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Supporting Outcomes:
(which contribute to the Strategic Outcome)
Legislative provisions relating to actuarial practice are effective and proportionate and appropriately implemented.
The regulatory framework provides clarity on what is required to provide relevant, transparent, clear and complete actuarial information.
Actuarial information and advice is reliable and useful.
There is effective scrutiny and monitoring to ensure that actuarial information is produced in accordance with the relevant technical and ethical standards.
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Board for Actuarial Standards
The Board for Actuarial Standards, set up in 2005 following a decision to establish independent oversight of the actuarial profession, sets technical standards for actuarial practice. Links BAS website
Professional Oversight Board
The Professional Oversight Board provides independent oversight of the regulation of accountants and actuaries by their respective professional bodies. Links POB website
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