Hello, I am considering using Fundamentals of Actuarial Practice from Society of Actuaries (SOA) to replace CA1. From what I understand, there are 2 parts to FAP and there are 2 separate assignments. I feel that it is more manageable this way. However I would like to seek the opinion of anyone here who has the knowledge on this issue. Also I am concerned if IOA will change the exemption arrangement in the near future. I mean what if I have finished FAP (that will take about 2 years) and IOA decided that it cannot be used to gain exemption from CA1?
