The ASP membership is advised that the International Actuarial Association (IAA) released the following International Standards of Actuarial Practice (ISAP):

1. ISAP 1 - General Actuarial Practice

2. ISAP 2 - Financial Analysis of Social Security Programs

Please click the links above to read the full text of the said standards. International Standards of Actuarial Practice are models for actuarial standard-setting bodies to consider.

The ISAP is not binding upon an actuary unless the actuary states that some or all of the actuarial work has been performed in compliance with an ISAP.