Banks and other financial institutions have a lot of work ahead of them as they prepare to adopt the new standard on reflecting credit losses in financial instruments (the so-called CECL standard). This e-Book, produced by Compliance Week and sponsored by Deloitte, addresses some of the implementation issues that are arising, particularly in the financial services and insurance sectors.
We start with a look at two draft documents produced by the American Institute of Certified Public Accountants, addressing implementation approaches. A second part of this e-Book includes a special section produced by Deloitte, exploring what measures to take to stay on a straight line as companies go live with the new CECL standard when it takes effect in January 2020.
This e-Book further examines some helpful guides for preparers, developed by FEI’s corporate reporting group, on how to assure sound controls with the major new accounting adoptions. Finally, this e-Book looks at what the next moves will be for the Securities and Exchange Commission as it concerns CECL. Full of insightful commentary, this is an e-Book that banks and other financial institutions cannot afford to miss.
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