Publication archives
Final Memorandum: Standards of Practice – Subsections 1510 and 1520 CPA Canada/CIA Joint Policy Statement
The Joint Policy Statement (JPS) sets out communication principles between auditors and actuaries to facilitate and promote communications between the two professionals. The JPS was first issued in 2007. Over the years, practices relating to the audit of amounts determined […]
Standards of Practice (Effective March 31, 2023)
Final Standards: Part 1000– General Standards (Joint Policy Statement)
Standards of Practice – General Standards (Effective March 31, 2023)
Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective December 31, 2022, and Applicable to Valuations with Effective Dates on or after December 31, 2022, and no later than December 30, 2023
The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at December 31, 2022 and recommended to the AGC assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after December 31, 2022 […]
Educational Note—Financial Condition Testing (Effective January 1, 2023)
The Canadian Institute of Actuaries (CIA) last published an educational note on financial condition testing (FCT) in April 2020. This educational note has been updated to reflect IFRS 17 concepts and terminology with an effective date of January 1, 2023. […]
Educational Note: IFRS 17 Coverage Units for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance on the selection of coverage units for the purpose of amortizing the contractual service margin for insurance contracts within the scope of the International […]
Educational Note: Role of the Appointed Actuary Under IFRS 17
Over the past few years, two designated groups of the Actuarial Standards Board (ASB) reviewed the impact on the CIA Standards of Practice (SOP) of replacing IFRS 4 with IFRS 17, recommending a number of changes. This educational note supplements […]