Delay of CECL accounting standard moves forward as ongoing concerns remain
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Wednesday, Oct. 23, 2019, 03:47 PM
Nick Zulovich, Senior Editor
CARY, N.C. -
Last week, the Financial Accounting Standards Board (FASB) unanimously voted to delay implementation of the Current Expected Credit Loss (CECL) accounting standard, but segments of the industry still remained concerned about the regulatory matter. To recap, FASB is looking to ensure that financial institutions have solid measures in place to ensure they have appropriate reserves for […]