The changing world of accounting standards applicable to employee benefit programs requires a global perspective to help ensure most favorable treatment. Milliman's consultants:

• Keep abreast of relevant standards promulgated by the Financial Accounting Standards Board (most notably ASC Topic 715, Topic 960, and Topic 965, formerly known as FAS 87, FAS 88, FAS 106, FAS 132, FAS 158, and AICPA SOP 92-6), Governmental Accounting Standards Board (most notably GASB 25, GASB 27, GASB 43, and GASB 45), Statements of Statutory Accounting Principles (most notably SSAP No. 14 and SSAP No. 89) in the U.S., and the International Accounting Standards Board (most notably IAS 19 and FRS 17), as well as those issued by other standard setters
• Develop appropriate assumptions for development of required accounting information
• Calculate the actuarial values needed for compliance
• Recommend alternatives for discussion with your auditors and explore the impact on plan and company financial statements

Milliman also offers its international clients an automated application that consolidates accounting results provided for benefit plans around the world, capable of organizing the accounting information and results provided by locally hired actuarial organizations for use in the parent company's financial statements.