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Current Issues in Pensions Financial Reporting Sept 2009
The key financial assumptions used in valuing the liabilities under the Accounting Standards FRS17 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed) are the discount rate and the rate of future inflation.
There are a number of considerations for companies trying to set these assumptions and for auditors in determining whether the assumptions are appropriate.
This note sets out some of the technical issues relevant to those involved in the preparation and the audit of pensions disclosures.
Related DocumentsCurrent Issues-Pensions Financial Reporting Sep 09 (308.39 KB, .pdf)