Description: Presenters examine some of the difficulties created by the absence of worldwide generally accepted accounting principles. Topics covered: 1. The need for worldwide Generally Accepted Accounting Principles, accounting, and reserving standards. 2. The work being done by the International Accounting Standards committee and the International Organization of Securities Commissions.

Description: This session from the 1995 SOA Vancouver Meeting discusses the actuarial codes of professional conduct and standards of practice in the U.S., how the codes from other countries pertain to actuaries practicing there and code and cultural differences in other countries. From the Record of the Society of Actuaries, Vol. 21, No. 3a.