why is gratuity and pension valuation compulsory in line with IFRS?

Question

Which is regular valuation of gratuity and pension compulsory in line with IFRS and Nigerian pension commission.

Answer 1

I am not aware of the requirements of Nigerian pension commission. But as per IFRS 19, it is compulsory that you use an actuarial valuation method with sufficient regularity but it is not compulsory to use the service of a qualified actuary.