FASB Announces CECL Delay for More Companies

Following a vote last month, the Financial Accounting Standards Board yesterday formally issued its proposal to delay the deadline for many banks, credit unions and other smaller companies to delay implementing a new accounting standard that would dramatically change how lenders would treat loans.

FASB Invites Feedback On Its Agenda

The Financial Accounting Standards Board (FASB) recently issued an invitation for stakeholders, including banks and credit unions, to comment on potential financial accounting and reporting topics it might add to its agenda.