When auditing pension obligations,the auditor may hire an actuarial specialist to assist the audit team.

Question

Quizplus · Accepted Answer

Pension obligations involve complex calculations and projections, which may require the expertise of an actuarial specialist to ensure the accuracy of the financial statements. Therefore, it is common for auditors to hire actuarial specialists to assist the audit team in assessing pension obligations.

When Auditing Pension Obligations,the Auditor May Hire an Actuarial Specialist