Accounting & Auditing

The Financial Accounting Standards Board has made needed improvements to its final accounting standards update on credit losses to address community bank concerns, though additional changes are needed. ICBA has worked for years with FASB to ensure the Current Expected Credit Loss standard heeds the calls of community bankers for a more workable solution. Learn more about ICBA's ongoing advocacy efforts with the following interactive timeline.


Additional Resources from FASB and Regulators

ICBA Featured Resources

Articles & Press Releases

Title Publication Date
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 Statement on FASB Transition Resource Group Press Release 03/28/16
ICBA to FASB: Hit Stop Button on Dangerous Accounting Plan Press Release 02/04/16

Letters to Congress

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Letters to Regulators

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Testimonies

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Summaries

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