Summary
Plan sponsors should take these considerations into account when setting assumptions, SEI Chief Actuary Jon Waite says. But at a time when plan sponsors may face intense pressure from auditors to rethink their ROA assumptions, SEI's research suggests more of a long-term view in setting or revising those assumptions, said Waite. "Recent losses are a consideration," Waite says. "But the bigger consideration will be whether you are changing asset allocation.
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Accounting Industry Briefs
Compliance Week publishes a blog of the latest news from the Financial Accounting Standards Board, the Public Company Accounting Oversight Board, and other accounting industry groups. Below is a recap of recent coverage. To see the blog online, view the primary source documents cited here, and participate in discussion, please visit www.complianceweek. com/blog/whitehouse.
FASB, IASB Form Group to Advise on Credit CrisisAccounting rule makers have formed an international all-star team to chart a path out of the current financial crisis.The Financial Crisis Advisory Group, formed by the Financial Accounting S...See the full content of this document
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