United States

FASB Issues Simplifications for Employee Benefit Plans

Aug 04, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB recently issued an Accounting Standards Update (ASU) that will reduce complexity in employee benefit plan financial reporting and disclosure requirements. The ASU is a consensus of the FASB’s Emerging Issues Task Force. The financial statements of sponsors of employee benefit plans are outside the scope of the new standard.

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