Produces every report needed for FAS 132 compliance from Worksheets 1-4 and Schedules A-F to Standard Pension Audit Confirmation Letter Responses!  

DATAIR’s FAS 132 System generates the complex schedules, worksheets and Standard Pension Audit Confirmation Letters to satisfy annual accounting requirements easily with remarkably little input. FAS 132 will assist you in. . .

• Preparing client-ready financial statements showing the status of a retirement plan, as determined under Financial Accounting Standard 132
• Presenting the valuation results to the plan sponsor and providing the auditor with reports explaining all of the factors contributing to the pension costs and liabilities such as the covered group, the plan provisions, assumptions, method of determining unrecognized gain or loss and adjustments

FAS 132 is so easy, it can be an additional source of revenue, another valuable service you can offer your clients — and their auditors. Our system is designed to produce everything needed to comply with FAS 132 (in essence, to do a large part of the auditor’s job for FAS 132 compliance).

Simple Data Input

The user inputs a modest array of items on "smart" screens which automatically eliminate non-essential questions based on the plan design and on whether this is the first or a subsequent year of using FAS 132. Valuation results (Pension Benefit Obligation (PBO), Accumulated Benefit Obligation (ABO) and Service Cost) and other information may be entered from any source (such as DATAIR’s Defined Benefit System). After the first year, FAS 132 will update the previous year’s information, advance dates by one year, reduce unrecognized balances by one year’s amortization, and role forward last years ending values to become this year’s beginning values.

FAS 132 Statements, Reports and Worksheets

• Response to a Standard Pension Audit Confirmation Letter
• Worksheets 1 through 4
• Schedules A through F

FAS 132 provides you with a complete package, ready for signature and mailing to even the most demanding auditor.

PC with 640K or more of RAM, 10 mb free disk space, CD-ROM drive, 3 1/2" floppy drive, and DOS-compatible printer. System will operate under DOS, Windows 3.x, Windows 95/98/ME/NT/2000/XP™ in both stand alone and network environments. Windows 95 or later required for some features.