13. Is an opinion that was considered a Prescribed Statement of Actuarial Opinion (PSAO) under the prior qualification standards effective in 2001 now considered a Statement of Actuarial Opinion (SAO)?
Question
13. Is an opinion that was considered a Prescribed Statement of Actuarial Opinion (PSAO) under the prior qualification standards effective in 2001 now considered a Statement of Actuarial Opinion (SAO)?
The term SAO includes PSAOs but also includes many more types of actuarial opinions, as demonstrated by the variety of examples shown in Appendix 1.
Last updated December 2014
Last updated December 2014
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