Current Issues in Pensions Financial Reporting - December 2015

Published by Nick Griggs on

Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the Accounting Standards FRS17 (FRS102 for accounting periods beginning on or after 1 January 2015) (UK non-listed), IAS19 (EU listed) and FAS158 (US listed).

There are a number of considerations for company directors to take into account when setting 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 pension disclosures.