VIEWpoint Issue 2 | 2018
Tax Cuts and Jobs Act – Highlights of What is Ahead for You...
VIEWpoint Issue 3 | 2017
The 2018 Gift Tax Return Deadline Is Almost Here
IRS Warns of Phishing Scams This Tax Season
Communicating Internal Audit Findings: Best Practices for Success
Coming on the heels of stakeholder’s concerns, the Financial Accounting Standards Board (FASB) discussed feedback received from the Credit Losses Transition Group, which proposed making a number of amendments to guidance related to credit losses, derivatives and hedging, and the recognition and measurement of financial assets and liabilities.
As you consider the application of CECL to your loans and investments, consider these factors that are out for public comment until Dec. 19, 2018:
If approved, these clarifications would go into effect for non-public business entities on the same dates as the applicable standard.
For more information on how these factors may impact your CECL model and its application, contact Doeren Mayhew’s financial institutions advisors.
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