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Discount Rates - IDG

Date recorded:

At its meeting on December 3, 2015, the AcSB’s IFRS Discussion Group (IDG) had a further discussion regarding the use of alternative approaches to a single weighted average or traditional discount rate under IAS 19, Employee Benefits. Noting that IAS 19 does not appear to preclude the use of alternative approaches, the IDG members shared a common view that it would be appropriate to treat such a change as a change in accounting estimate (rather than as a change in accounting policy). IDG members also emphasized the importance of disclosure to ensure users of the financial statements have sufficient information to understand the method used to set the discount rate. No further action was recommended to the AcSB.

Review the IFRS Discussion Group on the AcSB's Web site.

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