IntroductionFRS 17 - Practical Guide to the Implemetation of FRS 17
The Working Party was formed following the publication of Financial Reporting Standard (FRS) Number 17 entitled "Retirement Benefits".
The work was concluded in early 2003 and culminated with the publication of a booklet entitled "Practical Guide to the Implementation of Financial Reporting Standard 17 "Retirement Benefits"". The key objective of the guide is to provide practical guidance on how to manage the preparation of, then identify and resolve the issues arising from, the publication of financial information necessary in order to comply with the requirements of FRS 17. It is aimed primarily at members of the finance department (particularly Finance Directors and Financial Controllers) within entities required to report results in accordance with FRS 17.
The guide does not cover all aspects of FRS 17. A number of publications are available providing detailed guidance on different aspects of FRS 17. Some of the key publications include the ICAEW Technical Release, Audit 1/02 "Practical ponts for auditors in connection with the implementation of FRS 17 "Retirement Benefits" - defined benefit schemes".
The guidance is intended to be a practical overview and should not be used as a substitute for specialist professional advice.
The Executive of PRAG are very grateful for all the considerable efforts of the members of the working party in the preparation of the publication.
Copies of the publication are available - please see the publications page for details. | 
