IAS 19, Employee Benefits, is an accounting standard issued by the International Accounting Standards Board (IASB). It addresses the accounting and disclosure requirements for employee benefits, which include all forms of consideration given by an entity in exchange for services rendered by employees. The standard encompasses various types of employee benefits, such as short-term benefits, post-employment benefits (e.g., pensions), other long-term benefits, and termination benefits.

For example, under IAS 19, entities are required to recognize the cost of providing employee benefits during the time an employee renders their service. Pension plans, for instance, are treated as a liability on the balance sheet, reflecting the obligation to pay future benefits. The standard helps ensure consistency in financial statements and aids stakeholders in understanding the financial implications of employee benefit obligations.

Implementation of IAS 19 requires organizations to measure certain liabilities actuarially, requiring expertise in fields like actuarial science and finance. An example statement in financial reporting adhering to IAS 19 could be: 'The entity recognizes a liability for defined benefit pension plans based on actuarial valuations performed annually.'