CECL from the Inside
A conversation with FASB’s Russell Golden
Tax and Accounting
Survey: Two-Thirds of Bankers Have Begun CECL Prep
Approximately two-thirds of financial institutions have in some way begun tackling the Financial Accounting Standards Board’s Current Expected Credit Loss...
ABA: Treasury’s ‘Interest Stripping’ Proposal Would Hinder Normal Business
ABA today urged the Treasury Department not to proceed with a proposed rulemaking intended to address alleged “interest stripping,” transactions...
ABA Wins Extension For New Income Verification Requirements
In response to advocacy by ABA and others, the Internal Revenue Service today said that it would extend an implementation...
House Republicans Unveil Tax Reform Plan
House Ways and Means Committee Chairman Kevin Brady (R-Texas) today issued the House Republicans’ proposal for tax reform, which includes...
Agencies Issue Guidance on Final CECL Standard
The federal banking agencies today issued guidance on implementing the Financial Accounting Standards Board’s new loan loss accounting standard, which...
FASB Issues Final Loan Loss Accounting Standard
As long expected, the Financial Accounting Standards Board today issued its new loan loss accounting framework, also known as the...
ABA Comments on Executor Reporting Requirements
In a letter to the Internal Revenue Service yesterday, ABA commented on new proposed executor reporting requirements, requesting clarity on...
