Accounting methods

FASB opens door — slightly — to changes in loan-loss reserves


The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.


Why this bank is ready to ditch Excel for calculating reserves


First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.


Auditor spots 'material weakness' in Webster's internal controls


KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its financial results or incur any meaningful increase in costs because of the problem.