×

Publications

Defined Contribution Retirement Plans: Checklists and Illustrative Financial Statements

Publisher: AICPA
  • $49.00-$59.00
    Defined Contribution Retirement Plans: Checklists and Illustrative Financial Statements In Stock Product #: ACKDCP16P
    AICPA Member: $49.00
    Non-Member: $59.00
  • $49.00-$59.00
    Defined Contribution Retirement Plans - Checklists and Illustrative Financial Statements Online Access Product #: WDC-CL
    AICPA Member: $49.00
    Non-Member: $59.00

This checklist was designed to assist auditors and preparers in overcoming the complexities of financial statement preparation for defined contribution retirement plans. It covers plan types, such as 401(k) plans, 403(b) plans, and 11Ks. Whether you are preparing financial statements or auditing those financial statements, you’ll find the tools you need in this helpful resource.

It contains the most comprehensive U.S. GAAP disclosure guidance available, and identifies the reporting requirements that you need to know and apply to meet the applicable standards. FinREC recommendations regarding many accounting topics, are included throughout.

The key changes for this edition, include the new accounting standards updates related to investments at net asset value per share, as well as the effect of the simplification project.

In addition, this edition includes useful tools such as illustrative financial statements and auditor’s reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found.

Purchasers of the online subscription format can download the checklist content into Microsoft Word for added flexibility.

Key Benefits:

  • Ensure that all U.S. GAAP, as promulgated by FASB, disclosure requirements for employee benefit plans financial statements are met
  • Ensure that auditor’s reports are in compliance with the Clarified Auditing Standards
  • In-depth look at the application of financial reporting standards using the illustrative employee benefit plans financial statements
  • Reduces the risk of noncompliance with ERISA
  • Analysis of the complexities of financial statement preparation for defined contribution retirement plans

Updates:

  • FASB ASU No. 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent)
  • FASB ASU No. 2015-12, Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient

Who Will Benefit?

  • Smaller, regional, and large audit and accounting firms need this product to understand the many aspects of the specialized accounting for defined benefit pension plans, defined contribution retirement plans, and health and welfare benefit plans.
  • Smaller, regional, and large auditing firms need this product to understand the requirements of all of the clarified auditing standards including those for using a SOC 1 report, terms of the engagement, and forming an opinion and reporting on financial statements.
  • Smaller, regional, and large auditing firms need this product to understand regulatory requirements (DOL rules and regulations)

Discounts

Get even more value with the Employee Benefit Plans: Audit & Accounting Set. This convenient bundle gives you access to the full range of Employee Benefit Plan content offered by the AICPA, all in one convenient online subscription. This online bundle includes how-to advice and authoritative guidance, valuable discussion, best practices, and much more. Follow the link above for more details.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the worldís largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.