Reforming the reporting on pensions

Reforming the reporting of pensions CIMA comments on the Accounting Standards Boardâ&#x20AC;&#x2122;s paper on the ďŹ nancial reporting of pensions

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Reforming the reporting on pensions

Published on Jun 15, 2010

Chartered Institute of Management Accountants

Accounting for pension obligations is an important financial reporting issue. The global market turmoil recently experienced emphasises the volatile nature of pension accounting. Such turbulent times serve to illustrate the importance of robust accounting principles. CIMA has demonstrated a commitment to improvements in the accounting for and understanding of company pension obligations through its publications on pension risk and longevity assumptions and its work with the Report Leadership initiative (see page 11). It was natural that we would decide to respond to the ASB discussion paper and to enrich our response we hosted a seminar to discuss the issues raised. Please read this paper for more information.

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