Purpose: This paper aims to argue that the accounting standards’ requirements for the valuation of defined benefit pension schemes in the financial statements of scheme sponsoring companies potentially produce an artificial result which is at odds with the “faithful representation” and...

Spanish Abstract: Siendo un documento fundamental para entender la gestión de la entidad en el ejercicio y para interpretar en su contexto las cuentas anuales, el informe de gestión adolece de serias deficiencias porque la práctica empresarial no siempre tiende a cumplir el mandato de...

EU regulations since 2017 have required all Member States to disclose their accrued-to-date pension liabilities (ADL) using a standard actuarial cost method and some common assumptions. This applies to both Social Security (SS) schemes and unfunded defined benefit (DB) schemes covering civil...

Background: This paper examines the implicit healthy life expectancy (HLE) used for actuarial calculations in some selected biometric data sets from Australia, China, Portugal, Spain and the US. We are interested in checking the demographic and epidemiological coherence of these data sets...

Purpose: This paper argues that the accounting standards' requirement for the valuation of pension scheme liabilities, potentially produces an artificial result which is at odds with the “faithful representation” and “relevance” objectives of these standards.Design/methodology/approach:...