IAS 19 - EMPLOYEE BENEFITS

Lux performs actuarial valuations of employee benefits, in accordance with several Reporting Standards, including IAS 19 (IFRS), ASC 715 (US GAAP), and others, for many clients. These various reporting standards are all similar. Scroll down for FAQs.

Our results are presented in an extensive Actuarial Report and are prepared to meet international accounting and actuarial standards for employee benefits. They are also presented in the same format as Financial Statements, making it easy for accountants and auditors to review and adopt.

The specific scope of our valuations includes:

Collation, reconciliation and validation of employee payroll data

Engagement with the client to agree the actuarial assumptions

Calculation of the actuarial cost of liabilities, expected costs for the following year and sensitivity analysis

Conclusions and recommendations, being mindful of the client’s particular circumstances and specific requirements

Provision of an employee-wise breakdown of the liability, in MS-Excel format

For free ias 19 valuation reports, for companies up to 200 employee size, please go to ias19.com and enter the required information. Accountants and other service providers are welcome to use this service.

FAQ’s