Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

21 September 2017

年金向けの情報サイトIPE:IASB(国際会計基準審議会)事務局、確定給付型年金の財務報告上の取り扱いに関するIFRIC(国際財務報告解釈指針委員会)解釈指針第14号におけるプリンシプル・ベースのアプローチを提案


Default: Change to:


The International Accounting Standards Board should carry out further analysis of proposed amendments to rules governing defined benefit pension surpluses, the accounting regulator’s own staff have said.


In a paper prepared for this week’s board meeting, staff said the IASB should “perform further work to assess whether it can establish a more principles-based approach” towards the rules, known as IFRIC 14.

Two leading pensions advisers said they would welcome a pause in the project to carry out further research.

Lane Clark Peacock partner Tim Marklew said: “I welcome the IASB’s staff recommendation but I think they will struggle to come up with a principles-based approach.

“Finding a solution to the IFRIC 14 will require going right back to the roots of the interpretation, which goes right back to the basics of how pensions accounting works.

“For that reason, I think a sticking-plaster approach is unlikely to be helpful.”

Willis Towers Watson consultant Andrew Mandley added: “I didn’t expect the board to change course this late in the day, although the development is not unwelcome.

“However, I think the staff are going to find it difficult to develop those principles and they might well conclude that it is not worth changing IFRIC 14.”

Tim Marklew also warned companies not to think that the issue was going to go away.

“My advice would be to continue to take this IFRIC 14 project very seriously and to establish how changes to IFRIC14 may interact with their scheme rules,” he said. “Any changes to scheme rules take time to negotiate, so companies should review their position sooner rather than later.”

He added: “I don’t think that these issues are going to go away, and it is unlikely that the IASB will drop the whole thing.”

Willis Towers Watson’s Mandley said: “I don’t think many companies have made much disclosure about the IFRIC 14 impact so far. In a way, this is good news for companies because it buys them time. If they want to amend the scheme rules, they now have more time to make those changes and that puts them in a stronger negotiating position.”

The staff also plan to ask the board to finalise a separate amendment to IAS 19 dealing with DB plan amendments, settlements and curtailments.

Full news

IASB_paper



© IPE International Publishers Ltd.


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment