Current Expected Credit Loss (CECL) Reporting Delayed by CARES Act

By |2020-04-15T21:00:33+00:00April 7th, 2020|Categories: Audit & Accounting, Blog, COVID 19, News|Tags: , , , , |

The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows large public banks to temporarily postpone the current expected credit loss (CECL) standard. Here are the details. Updated Standard The Financial Accounting Standards Board (FASB) issued Accounting Standards Update [...]