Sample Actuarial Valuation Reports
Sample Actuarial Valuation Reports
Actuarial valuation of employee benefits (e.g. gratuity, leave etc) is not just about one figure that needs to be booked in accounts. It is also about understanding and managing the liability and about mandated detailed disclosures in financial statements.
Having understood the requirements of both auditor and management in detail, we have upgraded our reports to make them comprehensive, so as to meet all the requirements of management and the auditors.
Please find below the sample of our AS15 / US GAAP / IAS 19 actuarial valuation reports (gratuity, leave, provident fund). As you shall notice, we have included:
• Detailed information about nature of liability including sensitivity analysis (to various assumptions) of the liability, projected future cash out flows, ratio of actuarially valued liability to
discontinued (or break up liability) and duration (given it is a fair value liability), presented in a graphical manner for ease of understanding. This will help you form better perspective on the adequacy of liability booked in the account;
• All disclosures mandated by AS15 with a mapping of various tables against the relevant paragraphs of AS15 mandating those disclosures;
• Comprehensive summary of data checks, which can be found in the data checks report (which is a separate report) that accompanies our actuarial valuation report. This will help you gain comfort on the data used the valuation;
• Expanded glossary, containing to give a complete understanding of the underlying terms;
• Frequently asked questions, with detailed answers to the same;
Below are the links to the various reports -
Sample Actuarial valuation report of Gratuity - AS15
- Detailed information about nature of liability
- Mapping of various tables against the relevant paragraphs of AS15 mandating those disclosures
- Expanded glossary
- Frequently asked questions
Sample Actuarial valuation report of Leave - AS15
- Detailed information about nature of liability
- Expanded glossary
- Frequently asked questions
Sample Actuarial valuation report of Provident Fund - AS15
- Detailed information about nature of liability and benefits valued
- Expanded glossary
Sample Data Quality report of Gratuity - AS15
- Comprehensive summary of data checks, this will help you gain comfort on the data used in the valuation.
Sample Actuarial valuation report of Gratuity - US GAAP
- Detailed information about nature of liability
- Expanded glossary
- Frequently asked questions
Sample Actuarial valuation report of Gratuity - IAS 19
- Detailed information about nature of liability
- Expanded glossary
- Frequently asked questions