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Actuaries in Audit Support
Jing Liu June 03, 2019 Posted in: Blog Posts, Audit Support, News
At the end of 2018, the Public Company Accounting Oversight Board (PCAOB) implemented several amendments to their existing standards. One of the changes strengthened requirements for evaluating the work of company specialists. Prior to the change, PCAOB guidelines did not expressly require auditors to evaluate the appropriateness of methods and assumptions used by company specialists. Auditors were merely required to obtain an understanding of the methods and assumptions used. 
Pinnacle U: An Interactive Business Experience
Multiple May 01, 2019 Posted in: Blog Posts, General, News, Community Involvement
Our annual “Pinnacle U” pairs small groups of college students with one or more of our actuarial analysts in order to research a topic of interest, culminating in a day full of presentations. The format of Pinnacle U hasn’t changed much over the years, but our approach to the event has evolved to foster a real-world business experience for everyone involved.
The Year in Review and a Look Ahead to 2019
Multiple December 21, 2018 Posted in: Blog Posts, General, News
When we remember 2018, its events and circumstances have been more varied and challenging than one might imagine. Hacks, ransomware and data intrusions were announced weekly. Volcanic eruptions, wildfires and mudslides decimated a record number of homes and forest acreage. The entire island of Puerto Rico continues to suffer Hurricane Maria’s devastating effects. We have also become numb to the numerous senseless shootings in places where we used to feel safe. 
Workers’ Compensation & Marijuana
Greg Fears December 11, 2018 Posted in: Blog Posts, News, Workers’ Compensation
Marijuana legalization is increasingly prevalent in the United States. Whether for medicinal or recreational use, marijuana is more acceptable these days. A greater number of physicians are prescribing it for their patients, and the U.S. marijuana industry is rapidly expanding. Yet it is still a Schedule 1 drug, as defined by the U.S. Drug Enforcement Agency (DEA). So is an employee who is either prescribed or legally using marijuana eligible to receive workers’ compensation (WC) benefits if they are injured on the job and test positive for it?
Reflections on the CAS Annual Meeting and Our Profession
Multiple December 05, 2018 Posted in: General, News
At last month’s Casualty Actuarial Society (CAS) Annual Meeting in Las Vegas, we were each honored to become Associates of the CAS and receive our ACAS credentials. What made this time even more special was the fact that we had both followed “non-traditional” routes to join the actuarial profession. We’d like to share some of our reflections on our time at the meeting and our respective career journeys.
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