Employee Stock Ownership Plans Unique Accounting and Reporting Issues for Employers
An employee stock ownership plan (ESOP) is a specific way to share ownership with employees and a way to provide tax benefits to the company, those who sell stock to the ESOP, and employees. Employers...
Published on July 16, 2014
Special Issues Related to Risks & Uncertainties
Volatility and uncertainty in the business and economic environment result in the need to disclose information about the risks and uncertainties confronted by reporting entities. FASB ASC 275 requires disclosures that focus primarily on risks and uncertainties that could significantly affect the amounts reported in the financial statements in the
Published on April 11, 2012
ASU 2013-09 FASB ASC 820 Nonpublic Entity Benefit Plan Fair Value Disclosures
FASB ASU 2013-09 amends ASC 820 to address stakeholder concersn that certain disclosure requirements in ASC 820 could have the result of benefit plan financial statements including disclosures about proprietary information about nonpublic entities through dissemination of those financial statements on the DOL website.
Published on July 31, 2013
Benefit Plan Audits Some Current Considerations
As practitioners are finalizing benefit plan audit engagements, some new issues and some continuing issues need to receive some focus to ensure that financial statements are prepared appropriately and audits are performed and documented appropriately.
Published on September 30, 2009
ASU 2014-17 (FASB ASC 805) Pushdown Accounting
On November 18, 2014, the FASB released Accounting Standards Update (ASU) 2014-17, Business Combinations (Topic 805): Pushdown Accounting, a consensus of the FASB Emerging Issues Task Force (EITF).
Published on December 17, 2014
Defined Contribution Plans Accounting & Reporting Issues
During this time of the year, practitioners often are finalizing audit engagements for a variety of different type of benefit plans, to include defined contribution plans, health and welfare plans, and defined benefit plans. While each of these type benefit plans pose unique accounting and reporting, along with auditing, issues,
Published on September 28, 2010