Updated for 2017, this checklist assists auditors and preparers in overcoming the complexities of financial statement preparation for defined contribution retirement plans. This edition covers plan types, such as 401(k) plans, 403(b) plans, and 11Ks. Whether you are preparing financial statements or auditing those financial statements, you'll find the tools you need in this helpful resource.

This latest edition contains the most comprehensive U.S. GAAP disclosure guidance available, and identifies the reporting requirements that you need to know and apply to meet the applicable standards. FinREC recommendations on many accounting topics are included throughout. Key changes include the new accounting standards updates related to investments at net asset value per share, as well as the effect of the simplification project. In addition, this edition includes useful tools such as illustrative financial statements and auditor's reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found.

Purchasers of the online subscription format can download the checklist content into Microsoft Word for added flexibility.

• FASB ASU No. 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent)
• FASB ASU No. 2015-12, Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient