FASB appoints transition group for pending credit loss standard
Image: FASB has seated a Transition Resource Group to help implement the pending standard on credit losses that will include 16 bigwigs from accounting firms PwC, KPMG, EY, Deloitte, Grant Thornton, and Crowe Horwath, as well as banking and insurance entities. The group, which will be chaired by FASB member ...
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FASB: future credit losses required in financial statements
A new Accounting Standards Update from FASB means that companies will be using even more forward-looking information in their financial statements to alert investors of potential credit losses yet to materialize. Tammy Whitehouse reports.
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