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IAS 19 - do I need actuary?

Former userFormer user10y ago

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MikeLittleMikeLittleTutor10y ago#1
The standard states that actuarial assumptions should be unbiased. If the services of an independent actuary are not used, and the company prepares its own assumptions, how could that be unbiased. What's the problem with engaging the services of an actuary? The cost is hardly likely to break the bank!
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