EBP Testimony and Comment Letters

Following are transcripts of AICPA testimony and comment letters related to various employee benefit plan accounting, reporting, and audit issues.

AICPA Comment Letter on Exposure Draft of a Proposed Statement of Financial Accounting Concepts - Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements
July 22, 2014, the AICPA’s Employee Benefit Plans Expert Panel worked with the Financial Reporting Executive Committee (FinREC) to include a comment that EBPs should be excluded from the scope of the conceptual framework and request that the Board establish a policy within the final SFAC. 

AICPA Comment Letter on Exposure Draft of a Proposed Accounting Standards Update – Financial Instruments (Topic 825) – Disclosures About Liquidity Risk and Interest Rate Risk
October 8, 2012, The AICPA’s Employee Benefit Plans Expert Panel worked with the Financial Reporting Executive Committee to include comments specific to the impact on employee benefit plans in FinREC’s Comment Letter on this FASB Exposure Draft.

AICPA Comment Letter on Exposure Draft of a Proposed Accounting Standards Update-Presentation of Financial Statements (Topic 205) – The Liquidation Basis of Accounting
October 4, 2012, the AICPA's EBP Expert Panel worked with the Financial Reporting Executive Committee to include comments specific to the affect on EBP's in FinREC's comment letter on this FASB exposure draft.

AICPA Testimony on Employee Benefit Plan Auditing and Financial Reporting Models
On June 29, 2010, Marilee Lau and Michele Weldon testified on behalf of the AICPA before the U.S. Department of Labor Advisory Council on Employee Welfare and Pension Benefit Plans regarding employee benefit plan auditing and financial reporting models.

AICPA Testimony on Health and Welfare Plan Audits
On September 22, 2004, Alice Wunderlich testified on behalf of the AICPA before the Working Group on Form 5500 Health and Welfare Plan Audits of the U.S. Department of Labor Advisory Council on Employee Welfare and Pension Benefit Plans regarding health and welfare plan audits.