17 June 2008
Whether Actuarial valuation done by a Qualified Actuary employed by an Insurance organisation will comply with the requirements of AS 15? As per the guidance note on AS 15 issued by ICAI (published in June 2007 - CA Journal), it is not necessary to get a separate Actuarial Certificate, if the Insurance company has made the Acturaial valuation by a qualified Actuary.Further I would like to know if there is any judicial pronouncement regarding this matter after June'07.
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