IASB publishes narrow-scope amendment to IAS 19

The IASB has published a narrow-scope amendment to IAS 19 - Employee benefits on the impacts of a plan amendment, curtailment or settlement on the determination of service cost and net interest.

Keywords: Mazars, Thailand, IFRS, IAS 19, IASB

25 April 2018

This amendment stipulates that the service cost and net interest for the period following a plan amendment, curtailment or settlement must be determined using the updated assumptions applied when accounting for the changes to the plan.

Amendments have also been made to IAS 19 to clarify how the requirements of a plan amendment, curtailment or settlement affect the asset celling requirements.

These amendments to IAS 19 should be applied to plan amendments, curtailments or settlements occurring on or after the beginning of the first annual reporting period that begins on or after 1 January 2019. Early application is permitted, but an entity that chooses to do so must disclose that fact.

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