IICP's actuarial consultants valuate client's retirement benefits and advise on retirement plans for accounting under the Japanese accounting standards, FAS 87(Financial Accounting Standard) and IAS 19 (International Accounting Standards). We are proud that our PBO valuation service is both speedy and cost-effective.
IICP Actuarial PBO Valuation Service
- Since the new retirement benefit accounting standard was introduced in Japan in April 2000, the detailed calculation and appropriate assessment of PBO (Projected Benefit Obligation) by independent organizations have become increasingly important. Along with this, the new auditing standard was introduced in 2003, where the management is responsible for estimating PBO and so are auditors for verifying the method of estimation and the estimated results. Management is inevitably required to understand well the retirement benefit accounting so that they can explain the numbers in detail to analysts and investors as "the second balance sheet".
- We IICP believe that our strength lies in its independent position in the industry, to provide clients with unbiased and highly professional services with our high-caliber human resource backing. We also strongly believe that IICP provides clients with far speedier services than other competing financial institutions, while maintaining high quality and yet low-cost services.