2. If a credentialed actuary is working directly under the supervision of another credentialed actuary, does he or she need to meet the requirements of the U.S. Qualification Standards (USQS)?
Question
2. If a credentialed actuary is working directly under the supervision of another credentialed actuary, does he or she need to meet the requirements of the U.S. Qualification Standards (USQS)?
All actuaries providing any Statement of Actuarial Opinion (SAO), oral or written, in the U.S. in a calendar year must comply with the USQS. Considering the broad definition of an SAO in the USQS, it is highly likely that any actuary performing Actuarial Services will at some point during the course of his or her work issue an oral or written statement that meets the definition of an SAO. To avoid violating Precept 2 of the Code of Professional Conduct, all actuaries performing Actuarial Services in the U.S. should comply with the USQS (Section 1 and Appendix 1).
Last updated December 2014
Last updated December 2014
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