Comment letter deadline on AcSB ED Employee Future Benefits – Use of a Funding Valuation
On September 16, 2019, the AcSB issued an Exposure Draft proposing amendments to Section 3462, Employee Future Benefits. The AcSB seeks feedback on its proposals to modify the guidance on using an actuarial valuation for funding purposes in the measurement of the defined benefit obligation. These proposals apply to private enterprises and not-for-profit organizations applying the standards in Parts II and III. Comments are requested by December 16, 2019.
