Converging Intl. Accounting Standards For EB
Over the last few years, accounting standards for employee benefits around the world have begun to look similar. In the long term, convergence of accounting standards may be a positive step for employers, as there will be fewer sets of accounting rules to follow in the short term, local rules will change.
Accounting for employee benefits in the U.S. in the future will likely contribute much more volatility to corporate books. This added volatility will be another disincentive for employers offering defined benefit pension plans and post-retirement medical programs.
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