The actuary complies with professional standards of any professional organization of which he or she is a member. The actuary complies with internal standards and guidelines of the social security institution, and/or institution to which he or she provides services. The actuary also follows any other guidelines relevant to the work which he or she is performing.
There exist several professional standards and guidance related to general professional behaviour, training, discipline issues and actuarial practice. Professional standards other than actuarial and accounting standards (e.g. professional standards for chartered financial analysts or risk specialists) have to be taken into account by actuaries because they can directly and indirectly affect their work.
At the international level, ISSA Guidelines and handbooks, the joint ISSA and ILO Quantitative Methods in Social Protection Series and ILO policy papers and internal guidelines provide international guidance on actuarial issues.
This guideline should be read together with Guidelines 52 and 54.