Link: FRS 17: follow the story
The delay has been prompted by work between the ASB and the International Accounting Standards Board to align standards, in a move aimed at ensuring companies will not have to make two changes to how they account for pensions in a short space of time.
The ASB hopes the delay will mean a common standard can be agreed and implemented less painfully, although it believes FRS 17 is still the best approach to pensions accounting and is still encouraging early voluntary adoption.
FRS 17, which takes a snapshot of company pension funds at a certain point in the year, has been criticised for making accounts more volatile and has been blamed by many companies as the reason for stopping final salary pension schemes for new employees.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016