ASU 2015-12: Applying the New Reporting Standard for Employee Benefit Plans
Ready for "Simplification?" FBRIC Measurement, Plan Investment Disclosures, Measurement Dates and More
Recording of a 110-minute CPE webinar with Q&A
This course will provide employee benefit plan professionals and advisers with a comprehensive discussion of the new standards announced in ASU 2015-12 as part of FASB's “Employee Benefit Plan Simplifications.” While the intent of the new standards is to simplify reporting valuation of fully benefit-responsive investment contracts (FBRICs), the standard requires plan advisers to adjust their reporting and valuations of assets held in plans covered under the ASU.
- Previous fair value reporting standard
- Simplification changes in ASU 2015-12 to FBRICs
- FBRIC disclosure responsibilities under Part I of the new standard
- Additional changes to plan investment measurement and disclosure
- Implementation period
The panel will discuss these and other important questions:
- What are the disclosure responsibilities under Part I of the new standard?
- How will reporting from insurance companies and investment firms change as a result of the new standard?
- How will changes in the investment disclosures impact the plan fiduciary response?
Sharon A. Bradley
Ms. Bradley utilizes her expertise as an auditor, accountant and compliance analyst to assist companies to... | Read More
Ms. Bradley utilizes her expertise as an auditor, accountant and compliance analyst to assist companies to maintain state and federal compliance and improve operational systems. She has developed expertise in Employee Benefit Plan Audits and assists nonpublic companies and not-for-profit organizations with their internal controls, analytical reviews and audits. In addition, she performs audits for public companies in the real estate, mortgage, healthcare, manufacturing and hospitality industries.Close
Henry Martin, CPA
Senior Manager, Audit and Assurance
Mr. Martin is a Senior Manager in his firm's audit and assurance practice. He oversees audits for SEC... | Read More
Mr. Martin is a Senior Manager in his firm's audit and assurance practice. He oversees audits for SEC registered, privately-held and not-for-profit organizations. Additionally, he oversees A-133 and employee benefit plan audits for a number of corporate clients.Close
Susan J. Peirce, CPA, MTax
Apple Growth Partners
Ms. Peirce leads the firm’s employee benefits audit and specialty services team. In addition to her audit work,... | Read More
Ms. Peirce leads the firm’s employee benefits audit and specialty services team. In addition to her audit work, she provides consulting services to business owners and professionals on tax and accounting strategies, with a special emphasis on benefit plan services. Her expertise includes a focus on qualified retirement plans and related design, compliance, non-discrimination testing, distribution and reporting issues.Close