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Discount rates

Background

This project resulted from constituent feedback in the Agenda consultation 2011.  Constituents commented that the reasons for differences in discount rate requirements under various International Financial Reporting Standards (IFRS) is not well understood and could be considered inconsistent.

The project is expected to:

  • examine differences in the discount rate requirements in IFRS
  • explain why those differences exist
  • assess whether there are inconsistencies that should be addressed by the IASB.

Standards that include requirements in relation to discount rates include:

  • IAS 19 Employee Benefits
  • IAS 36 Impairment of Assets
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • IFRS 13 Fair Value Measurement

 

Current status of the project

In December 2012, as part of its response to the Agenda consultation 2011, the IASB formally added this project as an IASB-only research project. A research summary is expected in the second quarter of 2018.

 

Project milestones

Date Development Comments
December 2012 Added to the IASB work programme as a research project

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