IASB Amends IAS 19 on Measuring Pension Expense on Plan Changes

The International Accounting Standards Board (IASB) has issued Plan Amendment, Curtailment or Settlement (Amendments to IAS 19). These amendments are narrow in scope and specify how companies must determine pension expenses upon changes to a defined benefit pension plan. Companies account for defined benefit plans under International Accounting Standard (IAS) 19, Employee Benefits.When there is…