FAQs Emphasize Scalability of New Accounting Standard

Sep 07, 2017
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Federal regulators released updated Frequently Asked Questions on the Financial Accounting Standards Board’s Current Expected Credit Loss standard. The FAQs continue to emphasize that CECL is scalable to institutions of all sizes. It also notes that community institutions are not expected to need to adopt complex modeling techniques or engage third-party service providers to implement the new accounting standard.

View Agency FAQs ›
Access ICBA’s CECL Resources ›