Amended IAS 19 issued 16 June 2011
Amended IAS 19 has effect for financial years beginning on or after 1 January 2013, although earlier application is permitted
The International Accounting Standards Board has issued an amended version of IAS 19 "Employee Benefits". The amendments include:
- the elimination of the option to defer the recognition of gains and losses (the "corridor method");
- enhancing the disclosure requirements for defined benefit schemes.