FinREC issues working draft on multiemployer benefit plans

A proposed chapter will be added to an AICPA Audit and Accounting Guide.

The AICPA Financial Reporting Executive Committee (FinREC) issued a working draft of a proposed chapter on multiemployer benefit plans and illustrative financial statements, which will be added to the AICPA Audit and Accounting Guide Employee Benefit Plans.

FinREC is seeking comments on the working draft, which includes material that was developed to help preparers of multiemployer plan financial statements comply with GAAP and to assist auditors of those financial statements perform their engagements.

Informal feedback can be submitted by Nov. 6 to Di Krupica at Di.Krupica@aicpa-cima.com.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.