Emerging Issues and Suggestion Box

The financial reporting section council has been asked to provide a list of "emerging issues" relevant to the work of an actuary practicing in this area. The council has compiled the following list:

1. Fair Value/IAS
2. Embedded Value
3. Economic Capital
4. 2001 CSO Table
5. CARVM—Reflecting Partial Withdrawals on Variable Annuity Contracts
6. US GAAP
   1. Accounting for Variable Annuity Guarantees
   2. Purchase Accounting
   3. Accounting for Internal Replacements
   4. DAC Amortization for Variable Products
   5. Disclosures
7. Applying Actuarial Guidelines
8. Application of Stochastic Modeling
9. Sarbanes-Oxley
10. Risk Based Capital
11. Use of conditional tail expectation for reserves and RBC C–3, phase II, for Variable Annuities with Guaranteed Living Benefits

Thank you for your anticipated assistance.