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EFRAG issues feedback statement on IASB's ED Defined Benefit Plans: Employee Contributions

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

23 Jul 2013

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement summarising the main comments received from constituents invited to respond to their draft comment letter in relation to the International Accounting Standards Board (IASB) draft ED/2013/4.

In March 2013 the IASB published Exposure Draft ED/2013/4 Defined Benefit Plans: Employee Contributions (proposed amendments to IAS 19).  In the Exposure Draft the IASB proposes amendments to IAS 19 which aim to clarify the accounting for employee contributions set out in the formal terms of a defined benefit plan if these contributions are linked to service. 

EFRAG published their draft comment letter in April 2013 and the final comment letter was published in July 2013. 

The feedback statement provides an analysis of the EFRAG tentative position expressed in the draft comment letter, describes the comments received from respondents and then highlight how these comments were considered by the EFRAG Technical Group (EFRAG TEG) in reaching their final position on the IASB ED set out in their final comment letter to the International Accounting Standards Board (IASB). 

Click for:

EFRAG press release (link to EFRAG website)

Feedback statement in full (link to EFRAG website)

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