Comment on the Exposure Draft on Social Benefits

The ED does not require an entity to provide a sensitivity analysis of the social benefit liability. The Board considered whether this information may be useful, particularly for social security insurance benefits, and concluded such a requirement would be unnecessary. Do you agree that a sensitivity analysis of social benefit liabilities should not be required?

The ED requires information on risks and uncertainties related to the measurement of a social benefit liability to be disclosed. An entity would apply only the requirements that are applicable to the entity’s circumstances, and would consider the information needed to meet the disclosure objectives. Do you agree that information on risks and uncertainties is important for users to understand the measurement of the social benefit liability?

The ED notes that an entity presents and discloses information for social security insurance benefits and social assistance benefits separately because the characteristics, uncertainties and risks of these benefits differ. Do you agree that information on these social benefit liabilities may be presented and disclosed separately?