Final form amendments will be made in the first half of 2018

In our March 2017 Update we reported on the International Accounting Standards Board's proposals to make changes to IFRIC 14 and IAS 19, the accounting standards which address the circumstances in which a pension scheme surplus can be recognised in a company's accounts.  At that time the final form amendments were expected to be issued in the second quarter of 2017. It is now expected that the final form amendments will be made in the first half of 2018, although they are still expected to apply to annual reporting periods beginning on or after 1 January 2019, with earlier application permitted.