Narrow-scope amendments to IAS 19 and IFRIC 14 - IASB

Date recorded:

At its meeting on April 24 and 27, 2017, the IASB agreed with the Committee's recommendation and tentatively decided not to exclude minor plan events from the scope of the amendments to IAS 19.

The Board also agreed with the Committee’s recommendations on the transition requirements for the amendments to IAS 19 and IFRIC 14. It tentatively decided that:

  1. an entity should apply the amendments to IFRIC 14 retrospectively (with an exemption for adjustments to the carrying amount of assets outside the scope of IAS 19);
  2. an entity should apply the amendments to IAS 19 prospectively to plan events occurring on or after the effective date; and
  3. the amendments should provide no transition relief for first-time adopters.

At a future meeting, the Board will be provided with information on the expected effect of the amendments to IFRIC 14, and will consider the effective date and due process steps.

Review the IASB Update and podcast on the IASB's Web site.

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