AICPA Releases Working Draft of Accounting Issues for CECL Implementation

The American Institute of Certified Public Accountants’ financial reporting executive committee today 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, the American Bankers Association 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


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