mrs19

Precision. Speed. Reliability.

Development of World-Class Actuarial Solutions

With our services, you’ll receive detailed and accurate reports in compliance with IAS 19, detecting errors before finalization. Our advantage lies in speed and precision, making us leaders in error detection in accounting.

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The report price is €3,000.
15% discount until 31.01.2025.
Discounted price: €2,550.
*VAT not included in the price

Efficiency

We deliver reports faster than the competition, allowing you to quickly respond to market changes and ensure rapid compliance with IAS 19.

Data Errors

Our data analysis uncovers errors, guaranteeing transparency in reporting.

Expertise

Our team, including actuarial consultants, ensures the proper application of standards.

Issues with inaccurate IAS 19 reporting:

We want to highlight one of the harmful consequences of an inadequate or inaccurate report, specifically related to the calculation of benefits. In this case, the error does not only carry the risk of potential administrative sanctions but also results in significant financial damage due to improper calculations. This damage can amount to thousands or even tens of thousands of euros, depending on the specifics of the business entity. Avoid this for your company.

Have you encountered an inaccurate actuarial report?

If you have encountered an inaccurate actuarial report, it may indicate incorrect actuarial assumptions or imprecise data used in the calculation. Our team can conduct a review of existing reports to identify errors and ensure accurate calculations in compliance with the latest standards and regulations.

What are the consequences of an inaccurate actuarial report?

An inaccurate actuarial report can lead to financial losses, incorrect liability provisioning, non-compliance with regulatory requirements, and audit criticism. It can also undermine the trust of shareholders and other stakeholders. Timely correction is crucial to minimize risks.

What are the most common actuarial errors?

The most common errors include incorrect setting of assumptions such as the discount rate, salary growth rate, or turnover rate, as well as improper interpretation of legal regulations or standards like IAS 19. Our team focuses on accuracy and precision at every step to avoid such errors and provide reliable results.

Why Choose Us:

Contact us today to ensure that your reports are always accurate and compliant with IAS 19, with the speed and expertise that others cannot offer.

Accounting Standards:

- Global Compliance:

Your financial reports are in compliance with international accounting standards.

- Transparency and Trust:

Through reliable reports, we provide your business with transparency in reporting.

Employee Benefits:

- Pension and Benefit Planning:

We enable financial planning with a focus on pension plans.

- Cost Management:

Proper cost provisioning throughout the employees' career.

Finance and Regulation:

- Reporting Accuracy:

We provide accurate reports that meet all regulatory requirements, along with efficient financial reporting.

- Complete Support:

Our experts are here to answer any additional questions from external auditors.

Professionalism and Expertise:

- Expert Advisors:

Our consulting services are tailored to your needs, with a focus on IAS 19.

- Consulting Excellence:

Our team provides exceptional support and actuarial consulting.

Frequently Asked Questions:

What is IAS 19 and why is it important for our company?

IAS 19 is an international accounting standard that regulates the calculation of employee benefits, including severance pay and anniversary awards. Its application allows companies to accurately assess their liabilities and avoid the risks of inadequate provisioning.

How can your service help us with IAS 19 compliance?

Our team provides detailed actuarial calculations of liabilities in accordance with IAS 19, ensuring accuracy and compliance with legal and accounting standards. This reduces the risk of discrepancies and enhances trust in your financial reports.

Does the severance pay calculation need to be reviewed every year?

Yes, in order to ensure that the calculation reflects current actuarial assumptions, including changes in salaries, employee turnover rates, and other key factors.

What happens if actuarial assumptions change?

If key assumptions, such as the discount rate or salary growth, change, our team can recalculate your liabilities to ensure that all changes are adequately reflected in the reports.

How long does the process of calculating severance pay and anniversary awards take?

The duration of the process depends on the size of your company and the complexity of the data, but typically we can complete the calculation within a few weeks, with fast and efficient analysis.

Do you offer customized sensitivity analysis?

Yes, our services include customized sensitivity analyses that help your company understand how various factors, such as changes in salary growth rate, discount rate, or employee turnover rate, impact the reserve amount.

How are actuarial assumptions determined in your calculations?

Actuarial assumptions are based on demographic and financial data specific to your company, and our experts use current macroeconomic indicators and analyses to provide the most accurate estimates possible.

What are the benefits of engaging an expert team for IAS 19 calculations?

Our team is specialized in actuarial calculations and financial analytics, ensuring accuracy, compliance with standards, and expert recommendations to help optimize your business operations.

Can we use your services only for specific products, such as severance pay calculations?

Absolutely, you can select our services for specific aspects of IAS 19, such as severance pay and anniversary award calculations, depending on your needs.

How can we be sure that your calculations are accurate?

Our team uses the latest actuarial methods and software for precise calculations. Additionally, we implement internal quality controls and data verification to ensure accuracy.

Do you offer support after the completion of the calculations?

Yes, our team provides ongoing support to help you understand the results of the calculations and address any potential questions during audits or internal analyses.

Is it important to conduct regular reviews of the calculations?

Yes, regular reviews are crucial to ensure that your company has accurate and up-to-date data in line with changes in employees or legislation.

What are the most common challenges in calculating severance pay and how do you overcome them?

One of the most common challenges is accurately predicting long-term changes in salaries and discount rates. Our team uses sophisticated actuarial models to predict and mitigate these risks.

What are the legal risks of incorrect calculation of severance pay and anniversary awards?

Incorrect provisioning can lead to non-compliance with laws, which may result in fines, a negative impact on financial statements, and damage to the company's reputation.

Do you offer consulting services for improving internal procedures related to IAS 19?

Yes, in addition to calculations, we provide advisory services.

What does the sensitivity analysis within the IAS 19 calculation include?

The sensitivity analysis examines how changes in key assumptions, such as salary growth rate, discount rate, or employee turnover rate, can affect the overall liabilities.

How can we start a collaboration with your team?

You can simply contact us via email or phone, and our team will arrange a meeting to understand your needs and offer a personalized solution.

Does your service include a review of existing calculations?

Yes, we can perform a detailed review of existing calculations to ensure they are compliant with IAS 19 and that all factors are properly considered.

How often should a company update the assumptions for calculating liabilities?

It is recommended that assumptions be updated at least annually or in accordance with significant changes in the company or the economy to maintain the accuracy of the calculations.

What are the most common factors that affect the amount of liabilities under IAS 19?

The most common factors include salary growth, discount rates, the age structure of employees, and employee turnover rates. These factors directly impact the amount reserved for severance pay and anniversary awards.

Can your company use IAS 19 for planning long-term liabilities?

Yes, the proper application of IAS 19 allows your company to accurately plan long-term employee liabilities, which facilitates financial planning and reduces uncertainty.

What information is needed to start the calculation under IAS 19?

A list of the required data can be found on our website, but the key information includes details about gender, age, total work experience, company tenure, salary information, the collective agreement defining employee benefits, as well as employee turnover history. Our team will assist you in gathering and analyzing all the necessary data.

How can your company optimize costs related to employee liabilities?

Our team can help your company identify ways to reduce long-term costs through sensitivity analyses and optimization of calculations, while maintaining compliance with IAS 19.

Is your service tailored to the specific needs of each company?

Yes, our approach is fully tailored to the specific needs of your company. We create personalized strategies and calculation plans based on your specific data and requirements.

How does IAS 19 differ from local legal regulations?

IAS 19 is an international standard, while local laws may have specific requirements. Our team ensures that your company is compliant with both IAS 19 and local legislation.

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