PENSIONS ACCOUNTING LACKS TRANSPARENCY

摘要

Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), has underlined the importance of accounting for pensions liabilities to provide reliable and comparable financial information, 'even if it makes for uncomfortable reading'. Speaking at the National Association of Pension Funds (NAPF) Investment Conference in Edinburgh, Hoogervorst said International Financial Reporting Standards (IFRS) require companies to provide up-to-date, comparable information about their pension liabilities.