New FASB Rules to Affect Community Banks
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ARTHUR F. WARREN
(Arthur@afwarren.com) is a fee-only executive benefits consultant and legal advisor with over 100 community bank clients. His company, Arthur Warren Assoc. (www.afwarren.com), is based in Walpole. |
By Arthur F. Warren
In the midst of shrinking profits and escalating costs, community banks now face the earlier recognition of expense for post-retirement life insurance death benefits. The Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) recently announced new accounting rules that will affect all employers.
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