Financial statement preparers strongly opposed OPEB recognition.

Question

Quizplus · Accepted Answer

Financial statement preparers have historically opposed the recognition of Other Post-Employment Benefits (OPEB) as a liability because it can significantly affect their financial statements and lead to increased costs in the long run. They argue that calculating these benefits is complex and uncertain, and there is a lack of uniformity in how they are measured and reported.

Financial Statement Preparers Strongly Opposed OPEB Recognition