The International Actuarial Association (IAA) adopted its third International Standard of Actuarial Practice (ISAP 3) on actuarial practice in relation to IAS 19 Employee Benefits, at its Council meeting held in Zurich, Switzerland on 11 April 2015.
The purpose of ISAP 3 is to provide guidance to actuaries when performing actuarial services in connection with IAS 19 Employee Benefits, which includes the measurement of short-term, post-employment, termination, or other long-term employee benefits and disclosures in a reporting entity’s IFRS report. Although the reporting entity is responsible for all the information reported in its IFRS report, in practice, an actuary may provide advice on a range of issues arising from the reporting entity’s application of IAS 19.
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- 1. Introduction / history - Yas Fujii, chair of the IAS 19 Task Force
- 2. Section 1. of ISAP 3, "General" - Alf Gohdes, chair of the Actuarial Standards Committee
- 3. Section 2. "Appropriate Practice" - Heidi Racley and Gary Hibbard, members of the IAS 19 Task Force
- 4. Section 3. "Communication" & Appendix - Yas Fujii, chair of the IAS 19 Task Force
- 5. Discussion
ISAP 3 is available here.