Fiduciary Activities-Statement 84-Stage One

Fiduciary Activities—Statement 84—Stage One

PIR Topic: Statement No. 84, Fiduciary Activities

Background: Statement 84 was issued in January 2017. Subsequent to Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance, it is effective for reporting periods beginning after December 15, 2019.

History:

PIR initiated: May 2019
Administration of cost and effort surveys commenced: July 2021
Archival data collection commenced: October 2021

Current Developments: Staff continued collection of annual financial reports for archival analysis and to administer cost surveys for the pre-implementation year, the implementation year, and the post-implementation year, as applicable based on implementation date.

Work Plan:

Board Meetings	Activities
September 2023–June 2024	Continue to conduct cost survey and archival analysis for post-implementation year.
September 2023–July 2024	Continue to analyze implementation year data.
September 2023–December 2024	Analyze post-implementation year data; prepare final summary for initial archival and survey results.
June 2025	Continue stage two activities.