IAS 19 pension reforms

Plans to reform IAS 19, Employee Benefits, may hit the balance sheet but will remove discrepancies on the P&L, says Kenneth Donaldson

The International Accounting Standards Board (IASB) has amended IAS 19, Employee Benefits, and the revisions take effect for accounting periods beginning on or after 1 January 2013. This article focuses on the implications for defined benefit (DB) pension schemes.