What should an actuary maintain as evidence of compliance with the continuing education requirements of the qualification standards?

The American Academy of Actuaries does not "audit" actuaries for compliance with the Qualification Standards, however, actuaries may face situations where their CE qualifications are audited 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 to which such actuary is a member that require audits. Section 6.1 of the Qualification Standards 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 keeping track of 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 consider keeping in case of an audit. For example, certificates of attendance (if available), meeting outlines or handouts, registration materials, and notes (in the case of "other activities"). Again, 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.