ASU 2015-12: EBP simplifications - Errors noted in implementation

In this report, we note some common errors in the implementation of ASU 2015- 12 among those who elected to early adopt the guidance. With increased regulator focus on employee benefit plan auditors, practitioners should be careful to avoid these mistakes as they may carry more consequences. We previously reported on ASU 2015-12 in detail. ASU 2015-12 has three parts. We will focus on Part I and II within this report as Part III is a narrow scope alternative which