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IASB will propose to correct an IAS 19 anomaly

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29 Jan 2002

When applying IAS 19, Employee Benefits, in a falling equity market, in some situations enterprises will report an asset and a gain as a consequence of an actuarial loss.

IASB finds this "an unacceptable consequence of applying IAS 19" and has therefore decided to prepare an Exposure Draft of a small amendment to IAS 19 to ensure that no such gains would be recognised. The draft is expected to be published at the end of February. Click for IASB Press Release (PDF 10k).

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