Introduction
The Assumption Management and Calculation Module course is designed to provide an in-depth understanding of the sophisticated assumption-setting methodologies and detailed actuarial and accounting closing procedures required for successfully performing IFRS 17 financial closing. This course systematically equips participants with the specialized knowledge needed for IFRS 17 closing and supports their effective application in practice.
In particular, the course introduces efficient assumption validation methodologies from an auditor’s perspective, focusing on enhancing the reliability of the closing process. It covers the specific procedures and methods used to assess the appropriateness and credibility of assumptions, which are critical considerations for auditors. Practical case studies are incorporated to demonstrate real-world application. Additionally, the course provides key internal management controls that must be verified during the assumption validation process, offering practical strategies to strengthen internal controls and improve the quality of the financial closing process.