Actuarial Valuation as per IFRS

We believe that employees are the backbone of any company. An employee shall only work effectively when he knows he will be rewarded well for his services. Considering this, our team of technical experts provides actuarial valuation services that are necessary to assess the long-term sustainability of a defined benefit plan and can serve as a decision-making tool for plan sponsors. We provide actuarial valuation services, including valuations of retirement/end-of-service benefit schemes in accordance with the International Accounting Standard 19 (“IAS 19”) and related work.

Actuarial Valuation Process

The actuarial Valuation process comprises statistical analyses conducted using various parameters, inputs, and assumptions to predict potential liability or assets at a given point in time, usually at the year-end date of the business.

Actuarial Valuation Definition

As per the Actuarial Valuation definition, an entity shall use the projected unit credit method to determine the present value of its defined benefit obligations and the related current service cost and, where applicable, past service cost. Accrued Benefit Methods (sometimes known as ‘benefit’, ‘unit credit’ or ‘single premium’ methods) determine the present value of employee benefits attributable to service to date.

Actuarial Valuation Consultants

Our actuarial valuation consultants do not just provide an estimate of liability to be recorded in the financial statements, but extend disclosures in the form of an actuarial valuation report. In addition to this, our team will provide an understanding of the actuarial valuation so that you can understand the results, and validate and challenge them.