Posted on 14 October 2005

FRS 17 is mandatory for accounting periods beginning on or after 1 January 2005. The ASB will conduct research into the impact of recent legal and regulatory changes that were not anticipated when FRS 17 was developed and may have an effect on the relevant financial reporting. The research will also cover the financial reports of pension schemes, including consideration of whether requirements for the accounts of pension schemes secure adequate reporting of liabilities to pay pensions. The press release is available at: http://www.frc.org.uk/asb/press/pub0946.l