Feb 08, 2016
From the Financial Reporting Network
KPMG LLP recently commented on the GASB Exposure Draft, Pension Issues, an amendment of GASB Statements No. 67, No. 68, and No. 73, which proposes to address practice issues raised in connection with the implementation of recent GASB pension standards. KPMG strongly supports the GASB’s effort to clarify certain pension issues, and recommended that the GASB consider providing specific accounting guidance about frozen defined benefit pension plans.