Pension balance sheet liabilities are measurement estimates of the pension promise made to covered members. Our speakers will discuss how the Actuary and Auditor assess the reasonableness of the investment return assumption, which is the most important actuarial assumption in the pension liability measurement estimate. Statement of Financial Position liabilities should be fair representations of the obligation they purport to measure; neither overly optimistic nor pessimistic, but a reasonable best estimate. Actuaries are guided by Actuarial Standards of Practice No. 27 and auditors by AU-C 540, as well as other actuarial, accounting, and auditing literature.

1.5 CPE Credit Hours


James J. Rizzo, ASA, EA, FCA, MAAA, Senior Consultant & Actuary – Gabriel, Roeder, Smith & Company
Hermes Garzon, CPA, CFE, Manager, Assurance Services – Marcum LLP