Proposed revisions to the AICPA’s EBP Audit and Accounting Guide

The American Institute of Certified Public Accountants’ (AICPA) Financial Reporting Executive Committee (FinREC) has exposed three working drafts of proposed revisions to the AICPA Audit and Accounting Guide, Employee Benefit Plans (EBP). Specifically:

• AICPA EBP ERISA Disclosure
• AICPA EBP Revenue Recognition
• AICPA EBP Tax Status Note Disclosure

FinREC and the Employee Benefits Plan Expert panel developed the working drafts and are requesting informal feedback by July 12, 2024, on the proposals. Visit the link above for PDFs of the working drafts and instructions about how to provide comment.