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.

U.S. comment letter on proposed ASU "Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04"

Published on: May 29, 2013

An excerpt from the comment letter is shown below:

We support the Board’s efforts to address the concern that as a result of ASU 2011-04, entities with nonpublic employee benefit plans would be required to disclose proprietary information about their own nonpublic employer sponsors. However, we recommend that instead of indefinitely deferring the effective date for such disclosures, the FASB exempt nonpublic employee benefit plans from the requirement in ASC 825-10-50-2(bbb) to provide quantitative information about significant unobservable inputs used in Level 3 fair value measurements for equity securities issued by the plans’ own nonpublic employer sponsors. An exemption is clearer and less likely to be overlooked in the FASB Accounting Standards Codification.

Full text of the comment letter is available below.


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.