Auditors raise questions about pension formula

12/31/2008 | Financial Times (free content)

Auditors are increasingly expressing doubts about the "discount rate" that companies use to calculate pension liabilities, warning that the widely used rate understates liabilities because it fails to reflect market volatility. Some companies are reporting a surplus in their pension funds while the value of stocks they hold has collapsed.

View Full Article in:

Financial Times (free content)

Published in Brief: