IASB rejects calls to change DB accounting standard as it should 'reflect economic reality'

Stephanie Baxter
clock • 2 min read

International Accounting Standards Board chairman, Hans Hoogervorst, has said arguments to change the accounting standard are "flawed" as it should reflect the economic reality, no matter how ugly.

Speaking at a pensions conference in the Netherlands on 8 December, he strongly rejected calls to change the way defined benefit (DB) pension liabilities are measured under the IAS 19 standard in r...

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