Financial Reporting Insights
Final interagency policy statement on allowances for credit losses
An interagency policy statement has been issued in response to the issuance of FASB Accounting Standards Update 2016-13
An interagency policy statement has been issued in response to the issuance of FASB Accounting Standards Update 2016-13
Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.
If finalized, a recent FASB proposal would defer the effective dates for certain of its guidance for certain entities.
RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International.
© 2021 RSM US LLP. All rights reserved.