Search -
Employee Benefit Plans - Audit and Accounting Guide
Employee Benefit Plans Audit and Accounting Guide Author:American Institute of CPAs This guide summarizes new standards, guidance, and practices, and delivers "how-to" advice for handling audit and accounting issues common to employee benefit plan industry. — Updated with conforming changes as of March 1, 2010, the guide includes relevant guidance contained in official standards and other technical sources, including the FASB Ac... more »counting Standards Codification?. The guide offers practical guidance on recent developments in areas such as fair value measurements and communicating internal control related matters. All content is reviewed by industry experts and approved by the appropriate AICPA senior technical committee(s).
The following new pronouncements are particularly significant to this guide and are reflected in this edition:
· FASB Staff Position FAS 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly, which is codified at FASB ASC 820-10-35-51A-H
· FASB Accounting Standards Update No. 2009-12, Fair Value Measurements & Disclosures of Investments in Certain Entities that Calculate NAV per Share or its Equivalent
· FASB Statement No. 165, Subsequent Events, which is codified at FASB ASC 855-10
· FASB Accounting Standards Update No. 2010-06, Improving Disclosures about Fair Value Measurements
· AU section 325, Communicating Internal Control Related Matters Identified in an Audit (AICPA, Professional Standards, vol.1, AU sec. 325)« less