Hi Auditors,
I have been provided an actuarial certificate in which the opening balances match the members statements provided by the accountant, but the closing balances are significantly different. It appears the difference is due to the increase in NMV of assets not being considered by the actuary. Could the certificate be out due to this difference?
The same accountant does not provide too much detail on the members statements either. Such as tax free component. Have others come across the same situation? Should I suggest she find a more detailed report within her software?
Thanks in advance for the input.
Clare
Thank you so much for that very helpful response. Much appreciated.