IAS 26 Accounting and Reporting by Retirement Benefit Plans

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Standard 2021 Issued
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IAS 26 prescribes the minimum content of the financial statements of retirement benefit plans. It requires that the financial statements of a defined benefit plan must contain either:

  • a statement that shows the net assets available for benefits; the actuarial present value of promised retirement benefits, distinguishing between vested benefits and non-vested benefits; and the resulting excess or deficit; or
  • a statement of net assets available for benefits including either a note disclosing the actuarial present value of promised vested and non-vested retirement benefits or a reference to this information in an accompanying actuarial report.   

Standard history

In April 2001 the International Accounting Standards Board adopted IAS 26 Accounting and Reporting by Retirement Benefit Plans, which had originally been issued by the International Accounting Standards Committee in January 1987.

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