Certain benefits such as gratuity and end of service award are subject to statutory requirements and are governed by regulatory bodies. For such benefits, companies are required to offer at least the minimum level of benefits to their employees. By having an up-to-date background on legislative changes, we not only help clients value their benefits accurately but also ensure that company meets its statutory obligations at all times. Furthermore, we also help clients estimate the impact on their liabilities due to any expected changes in the legislation that could arise in the future.

Valuation of benefits and the manner in which the costs and liabilities need to be presented are driven by the accounting standards adopted by the company. Our reports are prepared bearing in mind the codifications within the accounting standards. We also assist clients with transitions from one accounting standard to another and also help reconcile numbers between multiple accounting standards, if the company needs to report under more than one standard. We can also assist clients in valuing and in carrying out the appropriate accounting treatment for special events such as mergers and acquisitions, inter-group transfers and benefit changes.