FASB begins comprehensive employee benefits project

  • FASB (old) Image

14 Nov 2005

The US Financial Accounting Standards Board has added to its agenda a project to reconsider guidance in Statement No.

87 Employers' Accounting for Pensions, and Statement No. 106 Employers' Accounting for Postretirement Benefits Other Than Pensions. FASB's press release indicates that "consistent with its effort toward international convergence of accounting standards, the FASB expects to work with the International Accounting Standards Board and other standards setters" in connection with this project. At the moment, the IASB does not have on its agenda comprehensive reconsideration of IAS 19 Employee Benefits. Click for (PDF 20k)

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