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ERISA Fiduciary Definition - Appraisers of Employee Stock Ownership Plans

Article The AICPA believes that CPAs who perform valuation services for employee stock ownership plans (ESOPs) should not be defined as fiduciaries under the Employee Retirement Income Security Act (ERISA). Rather, the AICPA believes that the U.S. Department of Labor (DOL) should implement rules...
Published on April 03, 2013

AICPA Opposes DOLs Proposal to Change Fiduciary Definition Affecting Business Valuation

Newsletter The CPA Advocate: May, 2011. Robert Reilly, CPA/ABV testified at a Department of Labor hearing against DOL's proposed changes to the definition of fiduciary.
Published on May 27, 2011

AICPA Supports Senator Ayottes Bill Exempting Valuation Specialists from Fiduciary Status

Newsletter The CPA Advocate: August, 2012. The AICPA believes that appraisers of employee stock ownership plans should not be considered fiduciaries under ERISA and recently sent a letter to Senators asking for them to cosponsor S. 1232, a bill that would exempt valuation specialists from that status.
Published on August 14, 2012

Federal Legislative and Regulatory Issues

Federal Law This page highlights the advocacy issues in which the Congressional & Political Affairs Team is advocating on behalf of the profession, and also those issues that the team has recently followed.
Published on March 29, 2013

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Related AICPA Products



Employee Benefit Plans: Audit and Accounting Guide

Updated January 1, 2013. A handy tool for auditors or accountants who work with employee benefit plans. It offers hands on advice for planning, risk assessment, internal control, and plan tax status. Packed with information on new requirements, including new audit report requirements, this Guide is the industry standard and an indispensable resource.



Employee Benefit Plans Industry Developments - Audit Risk Alert

Find out about important issues affecting Employee Benefit Plans and how current developments affect auditing in this industry. This Audit Risk Alert focuses on emerging practice issues related to fair value measurement, reconsideration of effective control for repurchase agreements as well as a separate section related solely to defined benefit pension plans topics. This alert provides you with regulatory updates from the DOL as well as IRS and Treasury Department developments.



Accounting Trends & Techniques - Employee Benefit Plans

This 2012 edition of Employee Benefit Plans-Accounting Trends & Techniques provides a multitude of illustrative disclosures for financial statements of employee benefit plans. This edition has been modified to include certain changes necessary due to issuance of authoritative pronouncements. It also includes other changes necessary to keep the book current on industry and regulatory matters.

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