IFRS Encourages, but Does Not Require, Companies to Use Actuaries

question 81

True/False

IFRS encourages, but does not require, companies to use actuaries in the measurement of the pension amounts.

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Definitions:

Human Resource Strategy

An organizational plan focusing on the management of human capital to align with the objectives and needs of the business.

Labour

The human effort, physical or mental, used in the production of goods and services.

Jobs

Positions of employment where individuals perform specific tasks in exchange for compensation.

Enlarged Job

A concept referring to the expansion or increase in the scope and responsibilities of a particular job role.