ABA steps up efforts to delay controversial accounting standard
The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort. ... Read full article
News Topic: AICPA
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Accountants cite banker burnout in calling for delay of new standard
The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets. ... Read full article