Whether you are preparing for year-end close, statutory audits, or internal reporting, we ensure your company’s actuarial liabilities are measured accurately, explained clearly, and reported with confidence.
Our Approach
1
Data Collection
We provide a secure and user-friendly data template to collect employee demographic and financial information, respecting confidentiality and adhering to secure data transfer protocols.
2
Data Quality Review
Our actuaries review the submitted data to identify anomalies or missing values, guiding you through any necessary refinements.
3
Setting Assumptions
We propose financial (e.g., discount rate, inflation) and demographic (e.g., mortality, turnover) assumptions based on market data, your company specifics, and auditor expectations.
4
Actuarial Valuation
Using widely accepted actuarial methodologies, we calculate present value obligations, service costs, and remeasurements in accordance with IAS 19 and IFRS.
5
Actuarial Report Preparation
We deliver clear, audit-compliant reports with full disclosures as required by IAS 19, and we adapt to your group reporting or consolidation formats if needed.
6
Audit Support
We assist you and your auditors during the review process, providing detailed responses and rationale for all assumptions and calculations.
What is IAS 19 and why it matters
IAS 19 is the international accounting standard that governs the recognition and measurement of employee benefits, including pensions and end-of-service obligations. It requires companies to calculate the present value of long-term employee benefit liabilities using actuarial methods and carefully selected assumptions—such as future salary growth, employee turnover, and discount rates. These valuations directly affect a company’s financial statements by influencing the profit and loss account, balance sheet, and accompanying disclosures. Ensuring that the figures are accurate, transparent, and audit-ready is essential for regulatory compliance and maintaining investor confidence.
IAS 19 Actuarial Valuations for End-of-Service Benefits
We specialise in IAS 19 valuations for companies operating in Saudia Arabia, UAE, and across the GCC, with a focus on end-of-service indemnity schemes.
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Our reports are accepted by Big Four audit firms and meet all disclosure and compliance requirements under IFRS. IAS 19 is the standard that governs the accounting treatment of employee benefits, including defined benefit schemes and post-employment obligations. In the GCC, this often relates to end-of-service gratuity payments, which are a statutory requirement and can represent a material liability on the balance sheet.
