IFRS 9 IMPLEMENTATION LESSONS FOR CECL
CECL AND IFRS 9 ACCOUNTING STANDARDS The Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) model requires financial institutions to estimate lifetime expected credit losses for their assets and hold capital accordingly. The International Accounting Standards Board (IASB), under its International Financial Reporting Standards 9 (IFRS 9), made significant changes to its accounting […]
