The American Institute of CPAs’ Employee Benefit Plans Expert Panel has developed some new practice aids to provide nonauthoritative guidance about the effects of recent accounting standards relating to the liquidation basis of accounting on employee benefit plans.

Technical Questions and Answers (TPA) 6931.18–.30 (AICPA, Technical Practice Aids), have been issued to provide nonauthoritative guidance about the effect of the Financial Accounting Standards Board’s Accounting Standards Update No. 2013-07, Presentation of Financial Statements—Liquidation Basis of Accounting, on the accounting for primarily single-employer defined benefit pension and defined contribution retirement plans.

The material is based on selected practice matters identified by the staff of the AICPA's Technical Hotline and various other bodies within the Institute.