Research on Financial Reporting by Defined Benefit Schemes

Victoria University Centre for Accounting, Governance and Taxation Research Working Paper No. 45

38 Pages Posted: 15 Aug 2008  

Rachel F. Baskerville

Victoria University of Wellington - School of Accounting and Commercial Law

Date Written: 2007

Abstract

New Zealand long enjoyed a situation where there was a tradition of well-exercised supervision of defined benefit schemes by the Government Actuary. Because superannuation schemes open to new members were deemed issuers by virtue of the 1997 amendments to the Financial Reporting Act, such schemes had to file their financial statements at the Companies Office, making it is easier to evaluate reporting by such entities. Most of the work examining the schemes' reports in this study was undertaken in January 2000, and only one year of each scheme's reports was examined. 164 superannuation schemes filed their financial statements when this study was undertaken. This report was prepared to provide information on compliance with FRS 32 (NZ) and other issues pertaining to the financial reporting by defined benefit schemes in New Zealand.

Keywords: pension funds, superannuation, FRS 32, standard setting, New Zealand, accounting

JEL Classification: G23, M50

Suggested Citation

Baskerville, Rachel F., Research on Financial Reporting by Defined Benefit Schemes (2007). Victoria University Centre for Accounting, Governance and Taxation Research Working Paper No. 45 . Available at SSRN: https://ssrn.com/abstract=1220862 or http://dx.doi.org/10.2139/ssrn.1220862

Rachel F. Baskerville (Contact Author)

Victoria University of Wellington - School of Accounting and Commercial Law ( email )

Faculty of Commerce and Administration
PO Box 600
Wellington
New Zealand
006444636951 (Phone)
006444635076 (Fax)

HOME PAGE: http://www.victoria.ac.nz/sacl/staff/rachel-baskerville.aspx

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