Description: This article reports on a discussion between Frederick P. Sloat, FSA and Ernest Hicks, CPA regarding a form which is being prepared to comply with Opinion No. 8 of the AICPA. The form is for auditors to use when requesting necessary information from actuaries with respect to pension plans.

Description: The article notes that the “Terminology Report of the Committee on Pensions of the Society of Actuaries was initially undertaken to assist the Academy’s Principles and Practices Committee with recommendations it had been preparing. As indicated in the exposure draft of the Terminology Report distributed in March 1975, the scope of the project was subsequently broadened.” It then summarizes recent developments and recommendations.