Federal bank regulators made an interim decision that FASB Statement no. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, will not affect banking organizations’ regulatory capital. Pending further action by the Federal Reserve Board, FDIC, Office of the Comptroller of the Currency and Office of Thrift Supervision, bank holding companies and savings associations should exclude from regulatory capital any amounts recorded in accumulated other comprehensive income (AOCI) resulting from the application of Statement no. 158.

The standard requires organizations that sponsor defined benefit postretirement plans to recognize the overfunded or underfunded status of each such plan as an asset or liability on their balance sheet with corresponding adjustments in AOCI. For additional guidance, visit .



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.