The Financial Accounting Standards Board is formally proposing major changes to effective dates for several significant accounting standards, including a CECL delay for smaller reporting companies.
FASB has issued a proposal for public comment that would set back effective dates for the new rules on credit losses as well as leases and hedging for certain types of entities that have not yet adopted the standards. The board is asking for feedback by Sept. 16, so it can expedite new effective dates as soon as possible.
