PAAinE - Pensions
- Sapna Heeralall, Robert Stojek
The European Financial Reporting Advisory Group (EFRAG) and European National Standard-Setters (NSS) have agreed to work more closely together on 'Proactive Accounting Activities in Europe' (PAAinE), in order to improve the input from Europe to the global standard-setting process.
EFRAG and the NSS have agreed to start proactive work on various projects, one of which is pensions accounting, where the ASB has taken the lead. This PAAinE project reconsiders the fundamental principles of pensions accounting. A Discussion Paper was issued in January 2008 and a subsequent report on Feedback and Redeliberations was issued in November 2009.