Accounting & Auditing

The Financial Accounting Standards Board has made major improvements to its final accounting standards update on credit losses to address community bank concerns. While not perfect, the final Current Expected Credit Loss standard shows FASB has heeded the calls of community bankers for a more workable solution that will avoid disastrous consequences for local communities.

Key Resources from FASB and Regulators

ICBA Featured Resources

Articles & Press Releases

Title Publication Date
FAQs on FASB Standard Continue Promise of Scalability NewsWatch Today Article 12/19/16
ICBA: FASB Makes Major Improvements to Accounting Standard Press Release 06/16/16
ICBA: FASB Continues Progress with Revised Accounting Disclosures Press Release 04/27/16
ICBA: CECL Reforms Show FASB Listening to Community Banks Press Release 04/22/16
ICBA: FASB Reforms to CECL Standard Support Community Bank Accounting Methods Press Release 04/01/16
ICBA Statement on FASB Transition Resource Group Press Release 03/28/16
ICBA Announces 2016 Community Banking Policy Priorities Press Release 03/08/16
ICBA to FASB: Hit Stop Button on Dangerous Accounting Plan Press Release 02/04/16
Bipartisan Congressional Letter Supports ICBA Case Against FASB Accounting Reforms Press Release 02/01/16
ICBA Calls for Community Banker Meeting with Full FASB Board Press Release 01/07/16
ICBA Leadership: FASB Comments Slander Community Banks Press Release 12/16/15
ICBA Statement on Comments by Financial Accounting Standards Board Chairman Russell Golden Press Release 12/10/15
Community Bank Successes Provide Year of Progress CEO Alert 12/07/15
FASB To Vote on Accounting Changes That Will Impact Community Bank Lending CEO Alert 11/18/15
2014 Year in Review: Community Banks Are Winners in Washington CEO Alert 12/02/14

Letters to Congress

Proposed Accounting Standards Update: Financial Instruments and Credit Losses

May 30, 2013, 01:00 AM
Recipient:
FASB
PubDate:
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Related Document


Letters to Regulators

Proposed Accounting Standards Update: Financial Instruments and Credit Losses

May 30, 2013, 01:00 AM
Recipient:
FASB
PubDate:
{PubDate.ToLocal():MMM d, yyyy, HH:mm tt}

Related Document


Testimonies

Title Committee Presenter Date

Summaries

Title Content Type Date