The Accounting Standards Board undertakes research project into FRS17, its controversial standard for pension accounting
The accounting standard for pension deficits which has caused much inconvenience for companies, FRS17, has become the topic of an ASB research project that could see it adopting further changes.
Earlier today, the UK standard setter announced that since the standard was drafted, the legal and regulatory environment for pensions and changed, necessitating a rethink to the structure of the standard.
See full Article.
Posts
