28. What information should an actuary maintain as evidence of compliance with the continuing education (CE) requirements of the U.S. Qualification Standards (USQS)?
Question
28. What information should an actuary maintain as evidence of compliance with the continuing education (CE) requirements of the U.S. Qualification Standards (USQS)?
Actuaries may face situations where their CE qualifications are audited or reviewed by third parties, such as regulators, attorneys in litigation, the Actuarial Board for Counseling and Discipline (or other disciplinary bodies to which the actuary is subject), or other organizations of which the actuary is a member. Section 6.1 of the USQS sets forth recommended recordkeeping of CE; however, the method of recordkeeping is ultimately up to the individual actuary. Section 6.1 recommends at a minimum documenting the date of the CE, the hours earned, and a brief description of the subject matter.
Section 6.2 describes recommended materials that an actuary should retain in case of an audit. These materials include certificates of attendance (if available), meeting outlines or handouts, registration materials, and notes (in the case of “other activities”). It is up to the actuary to use his or her judgment in determining what best exemplifies compliance with the CE requirements given the circumstances of the event.
TRACE, a tool on the American Academy of Actuaries website, may be used to track hours (Section 6).
Last updated December 2014
Section 6.2 describes recommended materials that an actuary should retain in case of an audit. These materials include certificates of attendance (if available), meeting outlines or handouts, registration materials, and notes (in the case of “other activities”). It is up to the actuary to use his or her judgment in determining what best exemplifies compliance with the CE requirements given the circumstances of the event.
TRACE, a tool on the American Academy of Actuaries website, may be used to track hours (Section 6).
Last updated December 2014
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