AICPA Calls for Delay in FASB’s Lease Accounting Standard for Private Companies
The American Institute of CPAs wrote to the Financial Accounting Standards Board this week seeking a delay in the implementation...
Tax and Accounting
S. 2155 Rule Changes to Be Done by Year-End, Regulators Say
The heads of the banking agencies told lawmakers that they expect to have regulatory changes from the S. 2155 regulatory...
FASB Issues Limited CECL Transition Guidance
Responding to requests from certain specialty lenders, FASB yesterday said it would allow companies to avoid CECL by electing a...
ABA Calls for CECL Delay, Quantitative Impact Study in Letter to Rep. Meeks
In a letter to Rep. Gregory Meeks (D-N.Y.) today, the American Bankers Association reiterated its call for a delay in...
Otting, McWilliams: Agencies Moving Toward More Risk-Based AML Approach
The federal banking agencies plan to reintroduce the examination manual for anti-money laundering/Bank Secrecy Act compliance later this year, Comptroller...
Citing Economic Risk, Senators Call for CECL Delay, Study
Led by Sens. Thom Tillis (R-N.C.) and Doug Jones (D-Ala.), a bipartisan group of 15 senators wrote to the Federal...
SEC Proposes SOX Relief for Small Firms
The Securities and Exchange Commission today proposed to provide relief for smaller reporting companies from a part of the Sarbanes-Oxley Act that...
Lawmakers Issue Bipartisan Call for CECL Implementation Delay
A bipartisan group of lawmakers wrote to the Securities and Exchange Commission today expressing concern about the adverse effect of...
IRS Issues Second Round of Proposed Regulations on Opportunity Zones
The Internal Revenue Service today issued a highly anticipated package of proposed regulations on the Opportunity Zone tax incentive.
ABA Data Bank: Bankers Look Deep Into Past for CECL Prep
More than three-quarters of financial institutions will gather data from five or more years back as they prepare to implement...
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