This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

AICPA issues proposed SAS on employee benefit plans

  • AICPA document Image

Apr 21, 2017

The AICPA’s Auditing Standards Board has issued a proposed Statement on Auditing Standards (SAS) that addresses audits of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).

The proposed SAS is being issued in response to a 2015 Department of Labor report that criticized the quality of employee benefit plan audits.

The proposed SAS would be effective for audits of financial statements for periods ending on or after December 15, 2018.

Comments on the proposed SAS are due by August 21, 2017. For more information, see the proposal on the AICPA’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.