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Provide actuarial services related to certain liabilities, as well as perform the audit, the subjectively determined liabilities relate to a material portion of the financial statements, Nonpublic Client; Allowable or Not?

User Subdigger
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Final answer:

Actuarial services related to certain liabilities and performing audits for subjectively determined liabilities are allowable for nonpublic clients.

Step-by-step explanation:

Yes, actuarial services related to certain liabilities and performing audits for subjectively determined liabilities that relate to a material portion of the financial statements are allowable for nonpublic clients. Actuarial services involve analyzing and assessing financial risks and uncertainties, often related to insurance and pension plans. Auditing these subjectively determined liabilities helps ensure accuracy, transparency, and compliance with financial reporting standards.

User Jeffrey Vaughan
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