Sunday, July 11, 2010
IASB Proposes Changes to IAS 19 – As the Accounting for Retirement Plans Evolves
In a further step in the evolution of the accounting for retirement benefits, the International Accounting Standards Board (IASB) has issued its long-awaited Exposure Draft (ED) of proposed changes to IAS 19, Employee Benefits.
Although the proposals are considerably watered down from the initial targeted changes to IAS 19, they could have a significant effect on many plan sponsors’ financial reporting and the information disclosed about their benefit plans.
See full Article.