• Auditing Standards Board prepares to amend guidance for ERISA plan audits

    The AICPA’s Auditing Standards Board (ASB) is expected to vote on issuing a final standard for audits of benefit plan financial statements covered by the Employee Retirement Income Security Act of 1974 (ERISA) at its next meeting. The planned standard is intended to help auditors better understand their responsibilities and provide plan sponsors and participants, Department of Labor (DOL) officials, and others with more information about what auditors do in examining the financial statements of benefit plans governed by ERISA.
  • Tax Reform Progress Report | June 2018

    In this issue of the Tax Reform Progress Report, we focus on changes in federal income tax calculations, including those related to carried interests, retirement plan loans, Roth recharacterizations and section 965 transition taxes.