FinREC issues working draft on multiemployer benefit plans

By Ken Tysiac

The AICPA Financial Reporting Executive Committee (FinREC) issued a working draft Tuesday 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.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

Where to find July’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Better decision-making with data analytics

Data analytics has become a hot topic, but many organizations have not yet managed to understand its potential, let alone put it to work. This report will take a deep-dive on how to best introduce or enhance the use of data in decision-making.