Proposed changes to international accounting standard IAS19 could wipe £8.7bn off reported company profits, Mercer warns.
The Treasury's announcement that it borrowed a further £4.3bn last month was unexpected to say the least.
In anticipation of the International Accounting Standards Board's latest exposure draft, Sebastian Cheek investigates the impact it will have on the pensions industry
Proposed changes to IAS19 will dramatically increase reported pension costs, Hewitt Associates said.
Proposed changes to IAS19 will dramatically increase reported pension costs, Hewitt Associates says.
IRELAND - The aggregate pension fund accounting deficit of the top 25 companies quoted on the Irish Stock Exchange and the top state-sponsored bodies totals €9bn (US$13.5bn), a study by Lane Clark and Peacock (LCP) revealed.
The discount rate used to calculate scheme liabilities in company accounts should be a risk-free rate, an Accounting Standards Board report confirms.
GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.
The International Accounting Standards Board has issued the official draft of its proposal to eliminate the use of government bonds to determine discount rates.
UK/IRELAND - The Accounting Standards Board is currently sounding out opinion on proposed changes to accounting standards for UK and Irish companies.