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This exposure draft is the proposed accounting chapters of the audit guide, Audtis of Employee Benefit Plans. An exposure draft of the proposed auditing sections of that audit guide was issued for comments on on June 30, 1980. The accounting guidance in this exposure draft for defined contribution plans and employee health and welfare benefit plans is intended to be consistent with the principles in FASB Statement No. 35 to the extent they are relevant. This exposure draft describes the form of financial statements, provides for the reporting of plan investments at fair value, and describes additional financial statement disclosures. The chapter on employee health and welfare benefit plans replaces the accounting and reporting principles and practices specified in the 1972 guide, Audits of Employee Health and Welfare Benefit Funds. The chapter does not, however, significantly change the 1972 guide regarding the accounting for plan liabilities.
Employee fringe benefits -- United States -- Accounting; Employee fringe benefits -- United States -- Auditing
Accounting | Taxation
American Institute of Certified Public Accountants. Employee Benefit Plans and ERISA Committee, "Accounting and reporting by defined contribution plans and employee health and welfare benefit plans : proposed accounting chapters, Audits of employee benefit plans ;Audits of employee benefit plans" (1982). Statements of Position. 440.