Audit & Assurance, Employee Benefit Services

FASB proposes discount rate relief for nonpublic lessees FASB recently proposed changes to discount rate guidance for lessees that are nonpublic business entities, with an objective of reducing the costs of implementing the board’s new lease accounting guidance.  read more  Journal of Accountancy FinREC addresses EBP revenue recognition implementation The…

Missing Participants – Best Practices for Pension Plans The Employee Benefits Security Administration (EBSA) has outlined best practices that fiduciaries of defined benefit and defined contribution plans, such as 401(k) plans, can follow to ensure that plan participants and beneficiaries receive promised benefits when they reach retirement age

The recently passed COVID-19 Relief Legislation Act presents some significant changes that affect employees and employers on several levels

FASB approves private company and NFP goodwill triggering event alternative FASB responded to an urgent pandemic-related accounting concern by voting to provide private companies and not-for-profits with an alternative to the requirement to monitor and evaluate goodwill impairment triggering events throughout the fiscal year and potentially measure a goodwill impairment…