FASB issues proposed ASU on defined contribution pension plans
19 Aug 2010
The FASB has issued a proposed Accounting Standards Update (ASU) Plan Accounting—Defined Contribution Pension Plans (Topic 962): Reporting Loans to Participants by Defined Contribution Pension Plans (A consensus of the FASB Emerging Issues Task Force). The summary section provides a comparison to IAS 26 Accounting and Reporting by Retirement Benefit Plans.