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IAI Actuarial Core Principles · Business Management · Activities of the Institute of Actuaries of India

Which of the following is the best example of the IAI acting through its disciplinary function to protect the public?

Investigating a complaint that a member breached conduct standards and sanctioning them if it is upheld is the disciplinary function. It protects the public and maintains trust in the profession, unlike exam calendars, seminars, research papers or syllabus setting.

  1. APublishing an annual calendar of examination dates
  2. BInvestigating a complaint that a member breached professional conduct standards and imposing a sanction if the complaint is upheldCorrect
  3. CArranging a networking seminar for members in Bengaluru
  4. DReleasing a research paper on longevity trends
  5. Setting the syllabus weightings for a Core Principles subject

Explanation

Discipline means examining alleged misconduct and applying sanctions where upheld, which protects the public and maintains trust. The other options are education, research, networking or exam administration, not discipline.

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