FASB: No Delay for CECL Implementation Date
Abrigo
FEBRUARY 11, 2022
Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.
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