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The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.
May 16 -
Banking officials can reasonably disagree on new standards for current expected credit losses, but the accounting body developed the rules over many years and based them on extensive feedback.
May 16Financial Accounting Foundation -
The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.
March 11Missouri -
Bigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.
January 28 -
Problems with the new accounting standard could be solved by modifying how reserves are calculated so that changes are more in line with industry growth.
January 11Moody's Analytics -
The Puerto Rican company added Daniel Frye, a former FDIC adviser, to its board.
September 4 -
Two experts offer insights into some of the shifts taking place surrounding accounting standards, such as CECL and others.
May 30 -
Points about various exam and regulatory credit union issues were raised
September 29