Proposed statement of position : accounting for and reporting of certain health and welfare benefit plan transactions : amendment to AICPA Audit and accounting guide : audits of employee benefits plans and SOP 92-6, Accounting and reporting by health and welfare benefit plans;Accounting for and reporting of certain health and welfare benefit plan transactions : amendment to AICPA Audit and accounting guide : audits of employee benefits plans and SOP 92-6, Accounting and reporting by health and welfare benefit plans; Exposure draft (American Institute of Certified Public Accountants), 2000, Mar. 22

Authors

American Institute of Certified Public Accountants. Accounting Standards Executive Committee
American Institute of Certified Public Accountants. Employee Benefit Plans Committee

Files

Description

This proposed statement of position (SOP) would amend chapter 4 of the AICPA Audit and Accounting Guide Audits of Employee Benefit Plans (the Guide), and SOP 92-6, Accounting and Reporting by Health and Welfare Benefit Plans. This proposed SOP would: 1. Revise the standards for measuring, reporting, and disclosing estimated future postretirement benefit payments that are to be funded partially or entirely by plan participants. 2. Specify the presentation requirements for benefit obligation information. 3. Establish standards of financial accounting and reporting for certain postemployment benefits provided by health and welfare benefit plans. 4. Clarify the measurement date for benefit obligations. 5. Require the identification of investments that are 5 percent of the net assets available for benefits. The provisions of this proposed SOP would be effective for financial statements for plan years beginning after December 15, 2000, with earlier application encouraged. Financial statements presented for prior plan years would be required to be restated to comply with the provisions of this proposed SOP.

Publication Date

2000

Relational Format

Book

Keywords

Employee fringe benefits -- United States -- Accounting; Employee fringe benefits -- United States -- Auditing

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Accounting Standards Executive Committee and American Institute of Certified Public Accountants. Employee Benefit Plans Committee, "Proposed statement of position : accounting for and reporting of certain health and welfare benefit plan transactions : amendment to AICPA Audit and accounting guide : audits of employee benefits plans and SOP 92-6, Accounting and reporting by health and welfare benefit plans;Accounting for and reporting of certain health and welfare benefit plan transactions : amendment to AICPA Audit and accounting guide : audits of employee benefits plans and SOP 92-6, Accounting and reporting by health and welfare benefit plans; Exposure draft (American Institute of Certified Public Accountants), 2000, Mar. 22" (2000). Exposure Drafts, Comment Letters, and Statements of Position. 270.
https://egrove.olemiss.edu/aicpa_sop/270