Research on the theory and practice of discounting in financial reporting
- Completed
- Research phase
- Rasmus Sommer
Description
In April 2017, ICAS issued a call for research on the theory and practice of discounting in financial reporting under IFRS. EFRAG decided to co-sponsor the research.
EFRAG and ICAS were interested in research which would considers questions, concerns, proposals and recommendations related to discounting under IFRS. This research should be helpful in informing current practices and also have the potential to deliver evidence to the IASB and regulators.
In August 2017, EFRAG and ICAS decided on the project to sponsor.
Among the activities, a survey on the discount rate used in IAS 19 Employee Benefits was launched in February 2019.
The study was published in December 2022.
Comments were requested by stakeholders by 31 March 2023.
The study is available here.
No comments were received in response to the study.
Documents
Project news
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27/01/2023 - Academic study - The Theory and Practice of Discounting in Financial Reporting under IFRS
EFRAG and ICAS has published a co-sponsored academic study on the theory and practice of discounting. The study is available here. Comments are requested by 31 March 2023.
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22/02/2019 - How should discounting be applied to pension obligations?
EFRAG and ICAS seek views on discount rates as applied to pension accounting.
