×
Publications
Defined Contribution Retirement Plans: Checklists and Illustrative Financial Statements
The most comprehensive U.S. GAAP disclosure guidance available, and the reporting requirements you need to know and apply to meet the applicable standards.
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.

If you are purchasing a product in one of the following formats, please check the system requirements below:

Online Professional Library
The AICPA Online Professional Library will operate in a variety of configurations, but only the configuration described below is supported by our technicians:

  • Windows 7+ (Latest Microsoft Edge, Internet Explorer, Firefox or Chrome)

eBooks

Minimum system requirements are:

  • Internet access
  • Adobe ID
  • Adobe® Digital Editions (ADE) is a free program that lets you read eBooks on a PC, Mac, and any supported smartphone or tablet. You MUST download and login to ADE in order to view an AICPA eBook. AICPA eBooks are best viewed when using ADE 3 for PC and ADE 4 for Mac.
  • For mobile access to eBooks, download the free Bluefire Reader app for Apple (iOS) and Android phones and tablets.

IMPORTANT:

  • eBooks are intended for a single user only.
  • An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date so you must download the file before this time elapses.
  • This product is refundable within 10 days of your purchase date.

Read the AICPA eBook Tutorial and see our FAQ for more information.

PDF

  • Adobe® Acrobat® Reader 8 or higher
Product details

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).

Key Topics

  • Ensures that all U.S. GAAP, as promulgated by FASB, disclosure requirements for employee benefit plans financial statements are met.
  • Ensures that auditor's reports are in compliance with the ASB's clarified auditing standards.
  • Provides 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.
  • Provides analysis of the complexities of financial statement preparation for defined contribution retirement plans.

Learning Objectives

  • Understand the many aspects of the specialized accounting for defined benefit pension plans, defined contribution retirement plans, and health and welfare benefit plans.
  • 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.
  • Understand regulatory requirements (DOL rules and regulations).

Updated for 2017, this checklist assists auditors and preparers in overcoming the complexities of financial statement preparation for defined contribution retirement plans. This edition 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.

This latest edition 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 on many accounting topics are included throughout. Key changes 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.

Updates or Regulatory Bullet Points

  • 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
Ratings and reviews
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

EAQ logo
Price:
$59.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$59.00
Add to cart
Back to Top