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Journal Entry — Fair Value Disclosure — FASB Defers Certain Disclosures for Nonpublic Employee Benefit Plans

Published on: Jul 08, 2013

Today, the FASB issued an ASU1 that indefinitely defers the requirement for employee benefit plans within the ASU’s scope to disclose quantitative information about significant unobservable inputs used in Level 3 fair value measurements2 of certain equity investments.

The following are within the scope of the ASU:

  • All employee benefit plans other than those that are subject to the filing requirements of the SEC.
  • Fair value measurements of investments in (1) nonpublic-entity equity securities of a plan sponsor and (2) nonpublic-entity equity securities of a plan sponsor’s affiliated entities.

The deferral in this amendment is effective now for financial statements that have not been issued.



[1]    FASB Accounting Standards Update No. 2013-09, Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04.

[2]    This requirement in ASC 820-10-50-2(bbb) previously applied to both public and nonpublic entities.

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