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Detailed Summary of SEC Staff Guidance on FAS 158 Transition Errors (Source: CAQ Alert)

Following are key points in the U.S. Securities and Exchange Commission (SEC) staff’s guidance as described in the Center for Audit Quality’s (CAQ’s) – affiliated with the AICPA – publication: CAQ Alert 2007-30, entitled: “Reexamining the Adoption of SFAS 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans.” FAS 158 is available here.... more » (FEI members only)

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