ABA Supports Proposed Subchapter S, LLC Tax Bills
ABA last week submitted a statement for the record expressing support for two bills introduced by Rep. Kenny Marchant (R-Texas)...
Tax and Accounting
Climate-Related Financial Disclosures On Regulators’ Radar
Voluntary financial climate-related reporting was discussed at a recent Washington, D.C., meeting hosted by a task force of the Basel,...
FASB Moves Forward with CECL, Delays Implementation
The Financial Accounting Standards Board voted today to move forward with its Current Expected Credit Loss standard, but agreed to...
ABA Urges Regulators to Consider Costs, Benefits of CECL
ABA in a letter today urged the federal banking regulators to take an active part in the Financial Accounting Standards...
ABA to FASB: Subject CECL to Strong Cost-Benefit Test, Delay Implementation
Summarizing the complexity within key aspects of the Financial Accounting Standards Board’s Current Expected Credit Loss model for loan impairment...
ABA’s Gullette: CECL Tweaks Not Meaningful Community Bank Relief
Efforts by the Financial Accounting Standards Board to placate the concerns of community financial institutions about its new loan loss...
ABA Wins Extension for New Executor Reporting Requirements
Following ABA’s recent request, the IRS today said it would extend the compliance deadline for new proposed executor reporting requirements.
ABA Spearheads CECL Workshop with FASB, Regulators and Auditors
ABA yesterday hosted a six-hour private workshop with bankers, banking regulators, SEC, PCAOB, auditors and the Financial Accounting Standards Board...
FASB Finalizes New Lease Accounting Standard
The Financial Accounting Standards Board yesterday issued its new lease accounting guidance, which requires all operating leases to be recorded...
ABA Calls for More Discussion, Possible Re-Exposure of CECL Standard
In a letter to the Financial Accounting Standards Board yesterday, ABA called for FASB to hold additional meetings and the...
