As practitioners perform or prepare to perform current-year audits of employee benefit plans (EBPs), we highlight certain matters that deserve a heightened degree of awareness. Specifically, this report addresses:
Regulatory and legislative activity related to the COVID-19 pandemic;
Financial reporting repercussions of COVID-19 and related auditing considerations;
ASU 2017-06, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting (A Consensus of the