RegulationAccounting StandardsIFAC issues guidelines on employee benefits

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
International
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.

Further reading:

IFAC proposes IT guidance for accountants

IFAC president contract extended to 2009

Ward spells out key elements of ‘high quality
reporting

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