Actuarial Valuations
(IAS 19 & IPSAS 39)
Organizations in today’s evolving regulatory environment must accurately account for employee benefits to comply with international financial reporting standards (IFRS). ECT Business Consulting provides robust actuarial valuations and advisory services, enabling you to meet both local and global reporting requirements with confidence.
Scope of Services:
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Preparation of actuarial valuation reports for all types of post-employment and long-term employee benefits (including defined benefit plans, end-of-service indemnities, and gratuities)
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Setting and reviewing demographic and financial assumptions tailored to your workforce and market conditions
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Sensitivity and scenario analyses to measure the impact of key variables (such as discount rates, mortality, and salary increases)
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Experience analysis to refine assumptions and reduce future risk
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Full audit support, including documentation and responses to auditors
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Plan design advisory, including the financial impact of HR or benefit program change
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Key Deliverables:
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Actuarial valuation report compliant with IAS 19 / IPSAS 39
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Management summary and recommendations
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Sensitivity analysis
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P&L and Balance Sheet obligations breakdown (per employee)
Client Benefits:
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Full compliance with international (IFRS, IPSAS) and local (SOCPA) standards
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Transparent, defendable calculations for financial statements
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Efficient, hassle-free audit processes
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Clear breakdown of obligations for both profit & loss and balance sheet, including per-employee analysis
Financial Statements Line Items (FSLI) Impacted:
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End of Service Benefits (EOSB) – Noncurrent Liabilities (Statement of Financial Position)
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Employee Benefits Expense (Profit & Loss Statement)
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Remeasurement of EOSB (Other Comprehensive Income – OCI)
Why ECT?
Our consultants combine finance, accounting, and actuarial expertise alongside local market knowledge and global credentials, ensuring solutions are practical, audit-ready, and tailored to your organizational needs.
