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The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.
September 9 -
Moody’s Investors Service is objecting to a proposal from the Financial Accounting Standards Board to defer the effective dates of its leases, hedging and credit loss standards for private companies and small public companies.
August 22 -
The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard.
August 16 -
The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging.
August 15 -
Private companies, nonprofits and some smaller public companies will get some extra time to get ready for major accounting standards, under a recent proposal.
August 1 -
The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.
July 17 -
Much of the focus has been on banks and credit unions, but others may be hit by the new standard, too.
July 15Moody's Analytics -
The Financial Accounting Standards proposed some minor adjustments Thursday to the credit losses standard, also known as CECL because of its use of a Current Expected Credit Losses model.
June 27 -
Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL.
June 19Abrigo -
The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.
June 18