What are the Common Actuarial Valuation Errors Triggering Audit Qualifications
Actuarial valuation errors can create serious issues while measuring long-term employee benefit obligations such as gratuity, leave encashment, pensions, and other post-employment benefits. These valuations play a vital role in financial statements and are closely analyzed during statutory and internal audits. When actuarial valuations are inaccurate, incorrect, inconsistent, or non-compliant with accounting standards, auditors may […]