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SAS 136: The communication of reportable findings

SAS 136: The communication of reportable findings

SAS 136 includes requirements to communicate reportable findings identified as a result of testing relevant plan provisions.
SAS 136: The ERISA Section 103(a)(3)(C) audit election

SAS 136: The ERISA Section 103(a)(3)(C) audit election

Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.
Updated practice aid: Accounting for digital assets

Updated practice aid: Accounting for digital assets

The AICPA Digital Assets Working Group has updated a practice aid regarding the accounting for and auditing of digital assets.
Financial institutions and the phase out of LIBOR

Financial institutions and the phase out of LIBOR

We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
Updates to SBA’s PPP loan FAQ for borrowers and lenders

Updates to SBA’s PPP loan FAQ for borrowers and lenders

We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
Implementing GASB 87: Government entities learn from public companies

Implementing GASB 87: Government entities learn from public companies

Government entities are finding GASB 87 compliance, the Government Accounting Standards Board’s new standard on lease accounting, complex.
GASB issues Exposure Draft regarding compensated absences

GASB issues Exposure Draft regarding compensated absences

A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
Understanding revenue sharing

Understanding revenue sharing

Learn the importance of discussing with a plan advisor how best to customize plan fees based on circumstance and available options.
Cybersecurity issues for plan sponsors

Cybersecurity issues for plan sponsors

The Department of Labor is working on guidance addressing cybersecurity issues as they relate to plan sponsors and third-party providers.
Ongoing updates to Coronavirus: Financial reporting considerations

Ongoing updates to Coronavirus: Financial reporting considerations

Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Actuarial valuation: New mortality improvement scale released

Actuarial valuation: New mortality improvement scale released

A recently released mortality improvement scale should be considered when measuring benefit plan costs and obligations.
Borrower’s accounting for debt restructurings and modifications

Borrower’s accounting for debt restructurings and modifications

A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
Assessing the impact of COVID-19 pandemic on investment valuations

Assessing the impact of COVID-19 pandemic on investment valuations

Portfolio managers of investment companies are considering the impact of COVID-19 and economic conditions on their March 2020 valuations.