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Background
Purpose
Responsibilities
Membership
Additional information
The Accounting Standards Board (AcSB) established the Employee Benefits Advisory Group (EBAG) in May 2007
to support the Canadian member appointed to the International Accounting Standards Board’s (IASB) Employee
Benefits Working Group.
Background
The IASB established the Employee Benefits Working Group to help in its project on post-employment benefits
by providing a variety of expert perspectives, including those of actuaries, auditors and other experts,
preparers and users of financial statements, and regulators. The project, to be conducted in two phases, will
be a comprehensive reconsideration of the accounting required by IAS 19, Employee
Benefits. The first phase will consider revisions that would achieve significant improvements in the
short term, with a view to an interim standard in 2010. As the first step in its due process, the IASB
intends to publish a discussion paper in 2007. Other aspects of accounting for employee benefits will be
considered in the second phase.
Further information about this international project, including observer notes for Working Group meetings is
available at:
www.iasb.org/Current Projects/IASB Projects/Post-employment Benefits %28including Pensions%29/Post-employment
Benefits %28including pensions%29.htm
Purpose
The EBAG will assist the Canadian member appointed to the IASB’s Employee Benefits Working Group in preparing
for Working Group meetings.
Responsibilities
- The EBAG is expected to provide the Canadian member with information about the
business environment in Canada as it relates to the issues to be considered in the IASB’s Employee Benefits
Working Group meetings. This information will include:
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- the nature of transactions typically undertaken in Canada;
- the effect of tax and regulatory regimes on transactions;
- circumstances commonly encountered that affect financial statement elements and what is typically
reported in practice; and
- Canadian views on best practices.
Membership
Membership of the EBAG will generally comprise professionals with strong relevant experience and knowledge
and from a variety of backgrounds, so as to provide different perspectives on accounting for employee future
benefits. Frank D’Andrea, CA, who is the Canadian appointed to the IASB’s Employee Benefits Working Group,
chairs the Employee Benefits Advisory Group. Current membership of the EBAG can be viewed here.
The EBAG will meet on an as-needed basis to provide input to the Canadian member prior to the IASB’s Employee
Benefits Working Group meetings. Meetings are not open to the public.
Additional
information
To obtain more information about the EBAG, to communicate issues to the EBAG, or to be considered for future
membership, contact:
Nancy A. Estey, CA
Principal,
Accounting Standards Board
277 Wellington Street West
Toronto ON M5V 3H2
Canada
Phone: +1 (416) 204-3271; or
Fax: +1 (416) 204-3412.
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