What is true about actuarial gains and losses? IFRS requires actuarial gains and losses to be recorded through the income statement. O IFRS requires actuarial gains and losses to be recorded through OCI without recycling through the income statement. IFRS requires actuarial gains and losses not to be reported as they will reverse themselves over such a long time horizon. These gains and losses are caused by actuarial miscalculations. IFRS requires actuarial gains and losses to be recorded through OCI with recycling through the income statement