7 issues to consider for auditing actuarial valuation reports

Posted by Nasrat Kamal on 18-Sep-2017 10:00:00

The usual approach taken by auditors in reviewing and validating actuarial valuation reports requires a fundamental shift. Often the approach used fails to uncover significant errors.

Audit of actuarial reports is a challenging task. Reviewing a piece of work of such a technical nature is a significant ask from anyone who doesn't have an actuarial background. The situation is often exacerbated by the fact that the essential details are often missing in actuarial valuation reports. Auditors therefore end up making guesses and answering their own questions.

This post sets out some of the issues that auditors must be aware of when they review the actuarial reports. 

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Topics: Actuarial valuation, AS 15, Ind AS 19, Actuarial services, IAS 19

4 actuarial services to power up your finance function

Posted by Nasrat Kamal on 06-Sep-2017 09:07:00

Advanced actuarial services go beyond the usual realm of actuarial reports or statutory certificates. The ability of actuaries to predict future uncertain events and assess their financial impact can help deliver significant benefits to any organisation.

Actuaries are good at making predictions about future uncertain events, and assessing the financial impact of this uncertainty. 

As finance leaders would recall, this is an important skill, especially with the growing popularity of 'risk-based' or 'risk-adjusted' metrics, such as risk-based capital, risk-adjusted earnings, risk-adjusted return on capital etc.

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Topics: Employee benefits, Actuarial services, Pension valuation, Risk management

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