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AICPA Releases Working Draft of Accounting Issues for CECL Implementation

Wednesday, October 31, 2018   (0 Comments)
Posted by: Amanda Averch
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The American Institute of Certified Public Accountants’ financial reporting executive committee yesterday issued a working draft of accounting issues related to the implementation of the Current Expected Credit Loss standard. The draft discusses the reasonable and supportable forecast institutions will be required to make for determining loan loss allowances under CECL. Comments on the draft are due Dec. 31.

As banks continue working to implement CECL, ABA encourages member bankers to join the discussion on the ABA CECL network, an online forum where bankers can share successes and challenges. Additional CECL-related resources can be found online at aba.com/CECL. Read the discussion paper. Join the CECL network

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