Valtech Valuation Assists Hong Kong Companies in Long Service Payments (LSP) LSP Valuation Issues under the Proposed New Legislations

2023-01-06T03:06:47+00:00December 23rd, 2022|Categories: HKAS, News|Tags: , |

Hong Kong Accounting Standard 19 (HKAS 19) requires businesses to compute and report their defined benefit obligations (DBO) and related expenses. Thus, Hong Kong companies need to have fair value assessments on DBO. The most commonly adopted method in valuation of DBO is the projected unit credit method. The projected unit credit method is