Global Standards for the world economy

Wednesday 26 April 2017

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The Interpretations Committee recommended that the IASB should amend paragraph 83 of IAS 19 through Annual Improvements

 17 July 2013

The Interpretations Committee was asked to clarify the application of the requirements of IAS 19 Employee Benefits (2011) on determination of the discount rate to a regional market consisting of multiple countries sharing the same currency (eg the Eurozone). The issue arose because some think that the assessment of whether there is a deep market in high quality corporate bonds, and the bonds to be included in determining market yields on such bonds, should be made at a country level and not at a currency zone level. Paragraph 83 of IAS 19 states that in countries where there is no deep market in such bonds, the market yields (at the end of the reporting period) on government bonds shall be used.

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