IDENTIFYING ISSUES – HISTORIC COMPARISONS BETWEEN REPORTING PERIODS
CECL IMPLEMENTATION In June 2016, the Financial Accounting Standards Board (FASB) issued the Current Expected Credit Losses (CECL) accounting standard. CECL focuses on estimating expected losses over the life of the loan. CECL’s effective date has been rescheduled from January 2022 to January 2023 for non-public companies, and from January 2021 to January 2023 for […]
