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: Audit preparation
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What’s behind the curious rise in bank auditing woes?
A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny of internal controls in financial ... Read full article