Which of the following fields have information that would be relevant to accounting regulators as they try to set rules for accounting for pension liabilities?
A) Probability
B) Pension law
C) Actuarial science
D) Economics
E) All of the above

Question

Quizplus · Accepted Answer

Probability, pension law, actuarial science, and economics all provide information that is relevant to accounting for pension liabilities. Probability can provide insight into the likelihood of certain events affecting pension liabilities, such as changes in interest rates or investment returns. Pension law dictates the legal requirements and constraints of pension plans that accounting regulators must consider. Actuarial science provides the mathematical modeling and analysis necessary to calculate future pension liabilities. Economics can provide information about the broader economic environment that may affect pension liabilities, such as inflation or GDP growth. Therefore, all of the above fields are relevant to accounting regulators as they set rules for accounting for pension liabilities.

Which of the Following Fields Have Information That Would Be