![]() |
The Pensions Research Accountants Group (PRAG) has published updated guidance to assist trustees and auditors in dealing with the concept of Going Concern when they are preparing and auditing pension scheme financial statements. This updates guidance issued in April 2018 to reflect both the latest version of ISA (UK) 570 and the impact of the COVID-19 pandemic. |
Tim Sadler, Chair of the PRAG Going Concern Working Party, said: “The update to ISA (UK) 570 emphasises the requirements on auditors to evaluate the trustees’ assessment on going concern. The COVID-19 pandemic has raised the profile of the going concern assessment and this updated guidance should be read in conjunction with the COVID-19 guidance issued jointly by PRAG, ICAS and ICAEW in May 2020. “For the majority of pension schemes the going concern assessment will be straightforward and the disclosure in the scheme audit report will be uncontroversial. However, there will inevitably be a small number of instances where the going concern assessment will be more challenging and disclosures will be more sensitive. We suggest early and clear communication to all interested parties about the going concern disclosure requirements.” Shona Harvie, Chair of the PRAG Executive, said: “Thank you very much to the members of the working party for updating this guidance. This will help trustees and auditors in developing a practical and proportionate response to Going Concern issues.” |
|
|
|
Reinsurance Actuary | ||
London/Hybrid - Negotiable |
CONTRACT (12 months): Underwriter | ||
Fully remote - Negotiable |
CONTRACT (12 months): Senior Underwriter | ||
Fully remote - Negotiable |
MI Manager | ||
UK South West / hybrid 2 days in the office - Negotiable |
Senior MI Analyst | ||
UK South West / hybrid 2 days in the office - Negotiable |
LONDON MARKET CONTRACT: Capital Model... | ||
London/hybrid 2-3dpw office-based - Negotiable |
Senior M&A Actuary | ||
London / hybrid 3 dpw office-based - Negotiable |
Market-leading Pricing | ||
South East or Scotland / hybrid 2 dpw in the office - Negotiable |
Longevity Actuary | ||
London / hybrid 2 days p/w office-based - Negotiable |
Senior Pensions Administrator | ||
Flex / hybrid - Negotiable |
Senior Portfolio Analyst | ||
London - £70,000 Per Annum |
Reserving Actuary | ||
London - £100,000 Per Annum |
Senior Pricing Actuary - Personal Lines | ||
London - £130,000 Per Annum |
Senior Manager | ||
London - £150,000 Per Annum |
Pricing Actuary - Longevity Swaps | ||
London/hybrid 2-3dpw office-based - Negotiable |
Senior Reinsurance Pricing Actuary | ||
London - £200,000 Per Annum |
P&C Senior Manager | ||
London - Negotiable |
Senior Reserving Analyst | ||
London / hybrid 3 dpw office-based - Negotiable |
Deputy Head of Pricing | ||
London - £150,000 Per Annum |
BPA Implementation Analyst | ||
North-West / hybrid 2-3dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.