United States
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
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The FDIC recently issued an FAQ, which includes answers to questions addressing COVID-19 financial-reporting-related topics.
A revised interim final rule discusses the estimated impact on regulatory capital for institutions that implement CECL in 2020.
The recently enacted Coronavirus Aid, Relief, and Economic Security Act includes provisions that have financial reporting implications.
The CARES Act provides optional temporary current expected credit losses relief for certain insured depository institutions.
An interagency policy statement has been issued in response to the issuance of FASB Accounting Standards Update 2016-13
Our updated white paper includes discussion of the new credit losses accounting guidance for loans measured at amortized cost.
A checklist to assist nonlenders with their transition to ASC 326, which includes the current expected credit losses model (CECL).
Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.
The CECL model requires companies to consider future and current economic conditions when determining their allowance for bad debts.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
If finalized, a recent FASB proposal would defer the effective dates for certain of its guidance for certain entities.
ASU 2019-05 provides the ability to elect the fair value option for certain financial assets upon transition to ASU 2016-13.
OCC provides clarification regarding how examiners evaluate and communicate bank performance under CRA to promote consistency and efficiency
Brief and basic answers to key questions about the new credit losses standard that highlight what you need to know and consider now.