FASB Has Reissued its Accounting Standards Update

We previously advised our friends and clients about the Financial Accounting Standards Board (FASB) decision to withdraw the requirement that an employer contributing to a multi-employer pension plan must include the employer’s share of the plan’s unfunded liability on its financial statement. FASB has now reissued its Accounting Standards Update…

read more

FASB May Expand Disclosure Requirements

The Financial Accounting Standards Board (FASB) is currently discussing an expanded disclosure requirement for those participating in a multiemployer pension or other post-retirement benefit plans. The proposed change, expected to be released later this year, will require employers to disclose any unfunded pension liability on its financial statements, and could…

read more