IFAC issues guidelines on employee benefits
Guideline will assist governments and other public sector entities
The International Federation of
Accountants has issued an exposure draft of a new standard aimed at
assisting governments and public bodies to appropriately account for the costs
of employee benefits
The International Public
Sector Accounting Standards Board’s exposure draft No. 31, “Employee
Benefits,” is based on the
Accounting Standard No. 19, of the same name.
The draft addresses the same categories of employee benefits – short-term
employee benefits, post-employment benefits, other long-term employee benefits
and termination benefits.