Description: This article from The Actuary Magazine discusses the paper issued by the Emerging Issues Advisory Group on fair value liabilities. A change in the method used for financial reporting is on the way. The questions, what are the changes and what they mean to you are answered here.

Description: This article discusses international proposals for accounting reform that would establish a global common measurement approach for the large majority of life insurance and annuity products.

Description: The authors explore major points of the exposure draft (ED) of the Financial Accounting Standards Board (FASB). At the same time, they explain the differences between the FASB ED and the ED published nearly simultaneously by the International Accounting Standards Board (IASB).

Description: The NAIC Special Advisory Committee on the Standard Valuation Law presented proposals at the December 1988 NAIC meeting for implementing the valuation actuary concept into law. The proposals were contained in a preliminary report presented to the NAIC Life and Health Actuarial Task Force, which appointed the Special Advisory Committee.

Description: Contrasts the new version of GAAP for mutual companies with GAAP for stock companies.

Description: This article discusses value at risk, VaR, and VaR modeling of the bank's portfolios that would recognize diversity and hedging. This article also covers the differences between classical VaR and the longer horizons required by the insurance industry and the feasibility of extending VaR to the insurance industry.

Description: The article discusses the implications of life insurance company taxation as a result of the passage of the Tax Equity and Fiscal Responsibility Act of 1982 TEFRA. In the analysis, a new classification system was developed based on the amount of Special Deductions allowed under Section 809f of the Tax Code.

Description: Discusses efforts and accomplishments of first 3 years of the Financial Reporting Section and new undertakings.

Description: This article reviews the results for the 1997 Society of Actuaries 1997 fiscal year.

Description: Summarizes presentation on two accounting problems: implementation of Opinion 8 and not having an audit guide applicable to the preparation of annual reports to stockholders of life companies.