Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

FASB plans January roundtable to address CECL tension

Tammy Whitehouse | December 20, 2018

Financial Accounting Standards Board Chairman Russ Golden said during a routine weekly board meeting that FASB will schedule a roundtable in January to discuss issues that have surfaced during implementation of Accounting Standards Codification Topic 326, which requires companies to develop a current expected credit losses (CECL) model for reporting signs of stress in loan portfolios. Financial institutions have called on FASB to delay the effective date and further study the economic consequences of the new standard.

Even Congress is making noise over CECL, with a year-end sub-committee hearing in the House Financial Services Committee and more recently a...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.