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AS 15/Ind AS 19

AS15/IAS19  are the Accounting Standards governing the accounting requirements for employee benefits. The long-term employee benefits, such as the end of service gratuity, leave, and post-retirement benefits, require an actuarial valuation.

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What do We do?

We can help you to value your liabilities for the long-term employee benefits. We provide a comprehensive report covering your liability requirements:

  1. Actuarial valuation – Leave / Gratuity
  2. Post-Retirement Medical Benefit Schemes (PRMBS)
  3. Actuarial Valuations as per the Insolvency and Bankruptcy Code requirements

Simplified Process:

  1. Our Journey starts with the collection of data
  2. It’s analyzed and validated 
  3. Understand the valuation basis,
  4. Calculate the actuarial liabilities.
  5. Conclude and make recommendations Provide a comprehensive actuarial report 

What Does The Report Show?


The actuarial report sets out the following key items:

Data

Employee statistics and Data Errors.

Assumptions

Key Assumptions – Discount Rate, Mortality rate, etc., and their sensitivity.

Methodology

we use the Projected Unit Cost approach as required by the Standard.

Results

We provide a detailed report along with the benefit cost (Actuarial Liabilities).

Financial Projections

we roll forward the results and project the benefit values and expected future cash flows over the remaining lifespan of the benefits scheme, for use in the Company’s budgeting process.