Audit Risk Alert

Employee Benefit Plans Industry Developments 2017 01-212 How This Alert Helps You 01-03 Economic and Industry Developments 04-09 The Current Economy 04-09 Hot Topics 10-17 Cybersecurity 10-13 Auditing Standards Board Employee Benefit Plan Auditor Reporting Project 14-17 Accounting Issues and Developments 18-63 Readily Determinable Fair Value 18-22 Disclosures When a New FASB Codification Update Is Issued 23-24 FASB ASU No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) 25-.29 FASB ASU No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (part I) Fully Benefit-Responsive Investment Contracts,(part II) Plan Investment Disclosures,(part III) Measurement Date Practical Expedient 30-50 FASB ASU No. 2017-06, Employee Benefit Plan Master Trust Reporting 51-57 FASB ASU No. 2016-01 Financial Instruments Changes in Disclosure Requirements 58-62 FASB ASU No. 2016-19, Technical Corrections and Improvements 63 Auditing Issues and Developments 64-84 Electronic Information 64-70 Trends in Legal Action 71-73 Limited-Scope Certifications: Plan Administrator s Responsibilities 74-78 New Auditing Standard on Going Concern 79-84 Employee Benefit Plan Guide Update 85 11-K Filers 86-88 Name of the Engagement Partner 86-87 Reorganization of PCAOB Auditing Standards 88 Defined Benefit Pension Plans 89-119 Spot Rate Approach: Applicability for Plans Reporting under FASB ASC 960 90-91 Mortality Table 92-93 Accumulated Plan Benefits 94-99 Multiemployer Pension Reform Act of 2014 Benefit Suspension 100-102 Pension Risk Management 103-104 Participant Data and Frozen Plans 105-109 Maintaining Pertinent Records 110-116 Terminating Plans 117-119 Health and Welfare Benefit Plans 120-138 Economic and Demographic Assumptions 121-134 Other Assumptions 135 Retiree Reimbursement Account/Arrangement 136-138 Audit Quality 139-147 Tools to Further Audit Quality 139-142 Preparing for Peer Review 143-147 Recent Pronouncements 148-151 Recent Auditing and Attestation Pronouncements and Related Guidance 149 Recent Accounting Standards Updates 150 Recently Issued Technical Questions and Answers 151 Regulatory Developments DOL 152-162 DOL ERISA Advisory Council Activities 152-154 2016 Form 5500 Annual Report 155 DOL Letters to Employee Benefit Plan Auditors Rounds Out Communication Plan to Help Improve Audit Quality 156-159 Change in Leadership within the Office of the Chief Accountant 160-162 Regulatory Developments IRS 163-184 Determination Letters Downsizes 163-167 Employer Profit-Sharing Contributions 168-170 Changes in the Employee Plans Compliance Resolution System 171 IRS Audit Trends 172-173 Puerto Rico Plans 174-75 IRS Announces 2017 Plan Limits 176 Proposed Form 5500 Changes 177-178 IRS Extends Nondiscrimination Relief for Closed DB Plans 179 Partial Annuities 180 Expanded Missing Participant Program 181-183 IRS "Top Ten" List of Most Common Retirement Plan Issues 184 On the Horizon 185-191 Auditing and Attest Pipeline 187-190 Proposed Revised Mortality Tables 191 Employee Benefit Plan Resources 192-210 AICPA Employee Benefit Plan Audit Certificate Programs 193-194 Publications 195 Continuing Professional Education 196-197 Webcasts 198 Member Service Center 199 Hotlines 200-201 AICPA Online Professional Library: Accounting and Auditing Literature 202 Codified Clarity Standards 203-205 Financial Reporting Center of AICPA.org 206-208 Industry Conferences 209-210 Appendix A Additional Internet Resources 211 Appendix B Health and Welfare Plans 212