Tax and Accounting

Here it comes! ABA's Mike Gullette on FASB's long-expected final Current Expected Credit Loss standard for impairment of loans and...

In a letter to the Financial Accounting Standards Board today, ABA President and CEO Rob Nichols called for more clarity...

The IRS has accepted a request by ABA to consider whether and how to report -- on IRS Form 1098,...

In response to ongoing feedback from bankers and ABA staff related to FASB’s Current Expected Credit Loss impairment accounting standard,...

The Basel Committee on Banking Supervision today issued its guidance on credit risk and expected credit loss accounting, which is...

With FASB's recent announcement of a 2019 effective date for their CECL impairment accounting standard, Fintellix Solutions and Ardmore Banking...

FASB on Wednesday also gave final approval to a new lease accounting standard that requires all operating leases to be...

Also at its Wednesday meeting, FASB agreed that its proposed Current Expected Credit Loss standard for impairment of loans and...

After at least five years of serious debate about proposing to mark all financial assets and liabilities to market, the...

The federal banking regulators today issued guidance on the methodology banks can use to deduct investments from tier 1 capital...