IFRS pensions reporting 'should be simpler'

The Financial Reporting Review Panel (FRRP) makes the comments in its ‘Review of pensions disclosure under IFRS and UK generally-accepted accounting principles (GAAP)’ which compares the clarity and completeness of firms which report under International Reporting Standards (IAS) 19, with those using Financial Reporting Standard (FRS17). Aimed to complement the work being carried out by the Accounting Standards Board, which is considering possible amendments to FRS17 based on IAS19, the report said the FRRP was encouraged by “the high level of compliance with the detailed disclosure requir...