United States
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
The SEC recently issued a proposed rule to update required statistical disclosures for bank and savings and loans registrants.
The FASB has proposed providing additional time to apply its accounting guidance for long-duration insurance contracts.
If finalized, a recent FASB proposal would defer the effective dates for certain of its guidance for certain entities.
FASB decides to propose deferring the effective dates for leases, credit losses, hedging and insurance for certain entities.
The SEC recently issued a clarification to the single issuer exemption for broker-dealers, which is effective August 13, 2019.
The AICPA expects to soon release a guide regarding the accounting for and valuation of portfolio company investments.
We recently updated our hedging guide for the clarifications made by FASB Accounting Standards Update 2019-04.
A recent webinar addressed the use of the WARM method for calculating the allowance for credit losses under FASB ASC 326.
The SEC recently modified the deadlines for registered investment companies filing non-public monthly reports on Form N-PORT.
A FASB Staff Q&A addresses use of the WARM method to estimate credit loss reserves for less complex financial asset pools.
A draft illustrative note regarding revenue recognition for SEC-registered broker-dealers is available for comment.
The SEC recently updated its frequently asked questions concerning the broker-dealer financial reporting rule.
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A white paper about how asset managers may be affected by the new revenue recognition guidance in ASC 606 and cost guidance in ASC 340-40.
Bank executives weigh in and provide insightful information on the impact of CECL and plans for implementation.
A recent webinar provides methods smaller, less complex financial institutions may use in their implementation of CECL.
The FASB recently clarified the opportunity to transfer prepayable held-to-maturity securities to available-for-sale.
The FASB has proposed adding a fifth U.S. benchmark interest rate that would be permitted in the application of hedge accounting.
An article with information about interagency guidance issued by banking regulators related to the Tax Cuts and Jobs Act.