As practitioners perform or prepare to perform current-year audits of employee benefit plans (EBPs), we highlight in this report accounting, auditing, regulatory, and legislative developments that may affect the preparation and auditing of EBP financial statements and EBP filings.
Topics covered include Statement on Auditing Standards No. 136, AICPA EBP guide changes, applicability of FASB ASC 606 to EBPs, ASU 2018-14, 2021 Form 5500 changes, 401(k) and profit-sharing plan contribution limits, new mortality tables and scales, ARPA defined benefit pension