14/03/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 19: Plan Amendment, Curtailment or Settlement is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing Amendments to IAS 19: Plan Amendment, Curtailment or Settlement. The Amendments are effective for annual periods beginning on or after 1 January 2019.
The Amendments require that, when an entity remeasures its net benefit liability (asset) after a plan amendment, curtailment or settlement, it uses the updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period.
Link to the publication in the Official Journal of the European Union: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2019.072.01.0006.01.ENG&toc=OJ:L:2019:072:TOC
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.
