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Deloitte comment letter on tentative agenda decision on IAS 19 — Employee benefit plans with a guaranteed return on contributions or notional contributions

Published on: Apr 07, 2014

Deloitte's IFRS Global Office has commented on the IFRS Interpretations Committee tentative decision to remove from its agenda the accounting for employee benefit plans with a guaranteed return on contributions or notional contributions.

If, as stated in the tentative agenda decision, the committee is unable to reach a consensus on the accounting for such plans Deloitte (Global) agrees with the decision to remove this project from its agenda. However, noting that as stated in the tentative agenda decision there is a growing range of plans with such features referred to in the tentative agenda, Deloitte (Global) would encourage the IASB to address employee benefit plans with a guaranteed return on contributions or notional contributions ahead of any future, broader research project on employee benefits. In the absence of standard-setting activity, divergent practices are likely to develop as the range of such plans grows.

Download the full comment letter below.

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