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FASB issues ASU which Removes Requirement to Categorize Investments Utilizing the Practical Expedient within the Fair Value Hierarchy

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David Torrillo
Sunday, May, 03, 2015 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates
The FASB issued on May 1, 2014 Accounting Standards Update 2015-07, Fair Value Measurement (Topic 820), Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). Read More
401(k)403(b)Benefit Plan AuditDefined Benefit PlansFASBNew Accounting GuidancePension Plans

FASB Proposes Updates Aimed at Simplifying Accounting for Employee Benefit Plans

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David Torrillo
Monday, April, 27, 2015 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
As expected, the FASB proposed three Accounting Standards Updates (ASUs) aimed at simplifying accounting for employee benefit plans. According to the AICPA Journal of Accountancy, the updates were the result of consensuses of FASB’s Emerging Issues Task Force. Read More
401(k)403(b)Defined Benefit PlansFASBNew Accounting GuidancePension Plans

FASB Considering Employee Benefit Plan Simplifications

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David Torrillo
Thursday, February, 12, 2015 / Published in Employee Benefit Plans
In January 2013 the Financial Accounting Standards Board (FASB) and staff met with members of the AICPA’s Employee Benefit Plan (EBP) Expert Panel and members of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC).  Read More
401(k)403(b)Defined Benefit PlansFASBNew Accounting Guidance
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Torrillo & Associates, LLC specializes in employee benefit plan audits, 401k audits, 403b audits, pension plan audits, and retirement plan audits. We are licensed in 7 states including New York, New Jersey, and Pennsylvania.  With firm mobility, we are also able to practice in an additional 27 states.

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Glen Mills, PA 19342

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