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
ICBA Supports FASB Action to Delay Accounting Standard NewsWatch Today Article 07/18/19
ICBA Supports Delay in New Accounting Standard Press Release, News 07/17/19
ICBA Backs House Version of CECL Stop-and-Study Bill NewsWatch Today Article 06/12/19
House Version of CECL Stop-and-Study Bill Introduced NewsWatch Today Article 06/11/19
ICBA Supports CECL Stop-and-Study Bill NewsWatch Today Article 06/05/19
FASB Amendments Clarify Financial Instrument Standards NewsWatch Today Article 04/29/19
Agencies Update CECL FAQs as FASB Votes Down Alternative Plan NewsWatch Today Article 04/04/19
ICBA Continues CECL Push at FASB NewsWatch Today Article 01/29/19
New Opportunities for CECL Improvements: Blog NewsWatch Today Article 01/23/19
FASB: ‘Weighted-Average’ Method Works for CECL NewsWatch Today Article 01/14/19
FDIC Approves CECL Transition Period NewsWatch Today Article 12/19/18
ICBA Statement on Agency Accounting-Standards Webinar Press Release 02/27/18
State Supervisors Issue CECL Readiness Tool NewsWatch Today Article 02/20/18
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 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

Title Recipient Date
Rep. Vicente Gonzalez
06/11/2019
Sen. Thom Tillis
06/04/2019

Letters to Regulators

Title Recipient Date
FDIC, Federal Reserve, OCC
07/13/2018
FASB
02/05/2018
FASB, FDIC, Fed, OCC
01/09/2018
SEC
05/08/2017
FASB
04/22/2016
FASB
03/17/2016
FASB and Its Private Company Council (PCC)
01/29/2016
FASB
01/07/2016
FASB
12/15/2015

Testimonies

Title Committee Presenter Date

Summaries

Title Content Type Date