Federal regulators released updated Frequently Asked Questions on the Financial Accounting Standards Board’s Current Expected Credit Loss standard.
FAQs Emphasize Scalability of New Accounting Standard
September 07, 2017 / By ICBA
Federal regulators released updated Frequently Asked Questions on the Financial Accounting Standards Board’s Current Expected Credit Loss standard.
Federal regulators released updated Frequently Asked Questions on the Financial Accounting Standards Board’s Current Expected Credit Loss standard. The FAQs continue to emphasize that CECL is scalable to institutions of all sizes. It also notes that community institutions are not expected to need to adopt complex modeling techniques or engage third-party service providers to implement the new accounting standard. |
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