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
Agencies Propose Phasing in CECL NewsWatch Today Article 04/18/18
Regulators Propose Phasing In CECL NewsWatch Today Article 04/16/18
ICBA Statement on Agency Accounting-Standards Webinar Press Release 02/27/18
FASB Finalizes Tax Law Accounting Update NewsWatch Today Article 02/20/18
State Supervisors Issue CECL Readiness Tool NewsWatch Today Article 02/20/18
ICBA Urges FASB to Use Reported Earnings for Tax Law Update NewsWatch Today Article 02/06/18
FASB, Agencies Address ICBA Tax Concerns NewsWatch Today Article 01/19/18
FASB Addressing ICBA Tax Concerns NewsWatch Today Article 01/12/18
FAQs Emphasize Scalability of New Accounting Standard NewsWatch Today Article 09/07/17
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

Letters to Congress

Industry Letter on Allowance for Loan Losses and the Current Expected Credit Loss Model

Mar 17, 2016, 01:00 AM
Recipient:
FASB
PubDate:
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Related Document


Letters to Regulators

Industry Letter on Allowance for Loan Losses and the Current Expected Credit Loss Model

Mar 17, 2016, 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