Only 17% of retirement plan sponsors have begun discussing with their auditors how FASB Statement no. 157 will impact financial statements and benefit plans, according to the 2008 Plan Sponsor Retirement study by Grant Thornton in conjunction with Drinker Biddle & Reath LLP and Plan Sponsor Advisors LLC.
Source: Grant Thornton LLP, www.grantthornton.com .
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How tax reform — and Excel — are changing the CPA ExamMike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.