This episode covers changes to employee benefit plan audits, FASB’s proposed updates to reference rate reform guidance, important ERC accounting guidelines and PCAOB, SEC and U.S. DOL updates.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Additional resources:
• FASB Proposes Updates to Reference Rate Reform Guidance – https://www.fasb.org/page/getarticle?uid=fasb_Media_Advisory_04-20-22
• SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA – https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/sas-136.pdf
• PCAOB proposed requirements for accounting estimates and using specialists – https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-requests-comment-on-impact-of-auditing-requirements-related-to-estimates-and-specialists
• U.S. Department of Labor: Compliance Assistance Release No. 2022-01 – 401(k) Plan Investments in “Cryptocurrencies” – https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/plan-administration-and-compliance/compliance-assistance-releases/2022-01.pdf
• SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to Special Purpose Acquisition Companies, Shell Companies, and Projections- https://www.sec.gov/news/press-release/2022-56
#IssuesWatch #podcast #accounting #audit #auditing #erisa #employeebenefitplans #ebpaudits #fasb #aicpa #pcaob #sec #spacs
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