Accounting standards

Two experts offer insights into some of the shifts taking place surrounding accounting standards, such as CECL and others.

A new accounting standard will soon go into effect, but banks lack clarity on how to conform.

Bank regulators propose to allow banks to phase in capital treatment of credit losses over three years.

KPMG has been the bank's auditor since 1931. Critics say it's time for a change.

The acting head of the Consumer Financial Protection Bureau has made clear he wants to rein in the bureau’s spending, but what exactly he plans to cut is a mystery.

The agency will issue proposed changes to the quarterly financial reporting system for a 60-day comment period. The aim is to streamline the 'backbone' of the regulator's examination data-collection efforts.

Despite impending data requirements, many small banks are still struggling with automating loan risk calculations.

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.

Many institutions have delayed planning for a big change to reserve accounting despite a belief that they should start testing systems and methodologies next year.

George Sutton, now an attorney in Salt Lake City, will sit on several Glacier Bancorp committees, including audit and compliance.

Powell downplayed fears about subprime auto lending, saying he aims to improve Santander Consumer's compliance culture, beef up customer services and expand its relationship with Chrysler Capital.

The Treasury plan includes a slew of items that don’t require Congress to act, and appear feasible in the short term. Here's a guide to what changes could be made.

The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.

Sens. Elizabeth Warren and Ed Markey are seeking information about KPMG to determine if it lived up to its professional obligations when it decided not to disclose fake accounts at Wells Fargo.

Study aims to help CUs tackle "hard choices" with implementing the upcoming credit loss accounting standard.

First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.

It's hard enough lobbying for big changes on Capitol Hill, but sometimes it only gets harder when it comes time to actually implement them.

KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its results or incur any meaningful increase in costs because of the problem.