This session discusses the Actuarial Standards of Practice that apply to Pension and OPEB valuations, how they impact those valuations and how auditors should apply actuarial knowledge to develop effective audit procedures.
•Describe what auditors need to know about actuaries including discussion of key ASOPs and key actuarial concepts including independence, development of assumptions and updating to the measurement date
•Discuss the key drivers in both pension and OPEB valuations
•Apply existing audit guidance to OPEB and pension amounts.
Gabriel, Roeder, Smith and Company
Assistant City Manager,
City of Carrollton, Texas