ABA Supports Proposed CECL Effective Date Change, Calls for Cost-Benefit Analysis
In a comment letter to the Financial Accounting Standards Board today, the American Bankers Association offered support for a proposal...
Tax and Accounting
ABA Issues Staff Analysis of Proposed Pass-Through Deduction Regulations
As Treasury and the IRS work to implement the new tax reform law, the American Bankers Association has published a...
House Committee Approves ‘Tax Reform 2.0’ Bills
Today the House Ways and Means Committee marked up three bills referred to collectively as "tax reform 2.0."
ABA Issues CECL Discussion Paper on Financial Reporting Disclosures
The American Bankers Association has issued a new discussion paper on the Current Expected Credit Loss standard aimed at educating...
IRS Issues Guidelines on Tax-Deductible Compensation Limits for Corporate Execs
The Internal Revenue Service today issued initial guidance addressing changes made by the new tax reform law to the deductibility...
FASB Proposes Technical Corrections to CECL
The Financial Accounting Standards Board today issued an exposure draft of an accounting standards update that would make technical corrections to...
IRS Issues Tax Ruling on GSE ‘Single Security’ Exchanges
As part of the Federal Housing Finance Agency’s “single security initiative” to standardize the terms for mortgage pass-through certificates issued...
Past Performance, No Guarantee
Four ways to measure the performance of your investment management team.
AICPA Proposes Papers to Address CECL Issues
The American Institute of Certified Public Accountants has issued two draft papers that address – in a generally positive way...
Indiana Bankers Association Op-Ed Calls for Credit Unions to Pay Their Fair Share
In an op-ed published on the Inside Indiana Business website yesterday, Indiana Bankers Association President and CEO Amber Van Til...
