We have been closely following as the complex legislative journey of CECL unfolds. When the CECL method was initially introduced, the Financial Accounting Standards Board
Current Expected Credit Loss (CECL) CECL is an Accounting Standards Update (ASU) introduced by the Financial Accounting Standards Board (FASB) in June 2016. The ASU
Good news for smaller credit unions: a new regulatory change is set to provide greater flexibility around auditing requirements. The National Credit Union Administration (NCUA)
Financial institutions gained some breathing room last summer when the implementation deadline for the new CECL reporting standard was pushed to 2022 for non-publicly traded