Transcription of STATEMENT OF RECOMMENDED PRACTICE
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STATEMENT OF RECOMMENDED PRACTICE . FINANCIAL REPORTS. OF. pension schemes . (Revised May 2007) Exposure Draft SUMMARY OF CONTENTS. PREFACE .. 3. 1. COMMENTARY .. 6. INTRODUCTION .. 6. THE ANNUAL REPORT .. 6. THE TRUSTEES' REPORT .. 8. THE INVESTMENT REPORT .. 9. COMPLIANCE STATEMENT .. 9. STATEMENTS BY THE ACTUARY AND AUDITORS .. 9. THE FINANCIAL STATEMENTS .. 11. OTHER DISCLOSURES IN THE ANNUAL 12. 2. RECOMMENDED ACCOUNTING 13. SCOPE AND EFFECTIVE DATE .. 13. TERMINOLOGY .. 14. RECOMMENDED FORM AND CONTENT OF pension SCHEME FINANCIAL STATEMENTS .. 14. FUND ACCOUNT .. 15. NET ASSETS STATEMENT .. 17. schemes WITH MULTIPLE BENEFIT 19. FORMAT OF pension SCHEME FINANCIAL STATEMENTS .. 20. PRINCIPLES OF pension SCHEME ACCOUNTING .. 21. VALUATION OF 29. RELATED PARTY TRANSACTIONS .. 47. OTHER DISCLOSURES .. 53. APPENDIX 1 - DEFINED BENEFIT SCHEME - ILLUSTRATIVE FORMAT OF ANNUAL. REPORT.
statement of recommended practice financial reports of pension schemes (revised may 2007) – exposure draft summary of contents preface.....3
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