The Financial Reporting Council (FRC) has proposed amendments to its FRS102 accounting standard to address fears an overhaul of reporting standards will add millions to corporate liabilities.
The had been fears FRS102 would force private companies in the UK to book their defined benefit (DB) pension obligations along the lines of IFRIC 14, the international standard that applies to list...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
