Skip to main content

Accounting Standards for Pension Plans

AcSB Exposure Draft – Pension Plans

Summary

The Accounting Standards Board (AcSB) proposes, subject to comments received following exposure, to amend PENSION PLANS, Section 4600 in Part IV of the CPA Canada Handbook – Accounting. The amendments would affect pension plans applying the standards in Part IV of the Handbook, as relevant. 

The proposals in this Exposure Draft would:

Staff Contact(s)

Katharine Christopoulos, CPA, CA Director, Accounting Standards Board

Phone number  +1 416 204 3270
Email address  [email protected]

Thank you for responding to the AcSB Exposure Draft, Pension Plans.

Read what stakeholders had to say and stay up to date with this project.

AcSB Exposure Draft, Pension Plans
Response Booklet – AcSB Exposure Draft, Pension Plans

Support Materials

Pension Plans

Background

The AcSB developed Section 4600 in 2010 during the changeover to IFRS® Standards. In 2011 and 2012, the Board amended the Section to clarify ambiguities with certain fair value disclosures. 

During 2018 and 2019, the Board consulted with stakeholders from across Canada and heard that some guidance in Section 4600 is either unclear or absent. Based on this feedback, the Board decided to form the Pension Plan Working Group (PPWG or Working Group) to better understand and address the challenges stakeholders experience.

After considering the Group’s advice, the Board proposes to amend Section 4600 to address some of the issues in the standard and reduce diversity in practice. The Board will continue research on other issues in Section 4600 and will consider addressing some or all these in subsequent proposals.