PwC comments on deferral of the effective date of certain fair value disclosures for employee benefit plans

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PwC comment letter (FASB) 05/30/2013 by Assurance services
PwC comments on deferral of the effective date of certain fair value disclosures for employee benefit plans

At a glance

PwC agrees with the proposal to defer certain of the fair value disclosures for nonpublic employee benefit plans and supports the inclusion of the new glossary term.

We support the Proposal to defer certain of the fair value disclosures of Topic 820 for nonpublic employee benefit plans. We further support the inclusion of the new Master Glossary term, Nonpublic Employee Benefit Plan, as well as its proposed definition. We recommend that the Board use this definition in all areas of the FASB Codification applicable to employee benefit plans where there are distinct requirements for nonpublic entities.