B
barney
Member
Hello,
For FRS 17, I have in my notes that the assumptions must be best estimate overall. Whereas for FAS, I have that each individual assumption must be best estimate.
For FRS 17, does each individual assumption have to be best estimate or just overall must the assumptions be best estimate?
Is the Pensions TAS relevant here in that "no assumption can be adjusted to make up for a short-coming in any unrelated assumption" i.e. regardless of what FRS stipulates, does the Pensions TAS require each individual assumption to be best estimate anyway?
Thanks,
Barney.
For FRS 17, I have in my notes that the assumptions must be best estimate overall. Whereas for FAS, I have that each individual assumption must be best estimate.
For FRS 17, does each individual assumption have to be best estimate or just overall must the assumptions be best estimate?
Is the Pensions TAS relevant here in that "no assumption can be adjusted to make up for a short-coming in any unrelated assumption" i.e. regardless of what FRS stipulates, does the Pensions TAS require each individual assumption to be best estimate anyway?
Thanks,
Barney.