File: R12-100-24

Scope and Content

Contains material relating to the Statement of Intent on accounting for pension costs, namely: letters from commentators requesting copies of all comments; and a late submission from the CIPFA. Contains photocopies of press cuttings, and material from the Financial Accounting Standards Board [FASB]. Contains material relating to the work of the Pension Costs Working Party [PCWP]. Contains: minutes; papers by the secretariat and working party members; drafts of an exposure draft on pension costs; and correspondence between working party members and the secretariat. Contains material relating to an International Accounting Standards Committee [IASC] project on the international harmonisation of pension accounting.

Such material includes: letters from companies commenting on the possibility of UK pension accounting aligning with practice in the USA; correspondence with the FASB and the Canadian Institute of Chartered Accountants [CICA]; and notes of the meeting between the ASC, FASB, and the CICA's Accounting Standards Committee. Contains letters of comment on the proposed exposure draft from ASC members. Contains an Inland Revenue press release on pension scheme surpluses. Contains material relating to the approval of the exposure draft [ED39] by the ASC. Contains material relating to the drafting of extra appendices for ED39. An internal company memorandum on pension costs, sent to an ASC member, and passed to the secretariat, has been removed as confidential.