2004 Quarter Three

Question 1 of 6

The ASB is seeking views on an Exposure Draft regarding amendments to IAS19.

Which of the following best reflects the amendments suggested?

	IAS 17 Retirement Benefits and IAS 19 Employee Benefits are complementary and require similar treatment for similar situations. The amendment is therefore a minor tidying up process.
	IAS 17 and IAS 19 are in conflict. It is proposed that IAS 19 be amended to follow the same treatment for actuarial gains and losses as IAS 17, i.e. recognition in the P&L Account.
	IAS 17 and IAS 19 are in conflict. It is proposed that IAS 19 be amended to follow the same treatment for actuarial gains and losses as IAS 17, i.e. recognition outside the P&L Account in the Statement of recognised Gains and Losses.
	IAS 17 and IAS 19 are in conflict. It is proposed that IAS 19 be amended to permit an option to follow the same treatment for actuarial gains and losses as IAS 17, i.e. recognition outside the P&L Account in the Statement of Recognised Gains and Losses.