Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
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On Mar. 28, FASB decided to extend the comment period for its proposed Accounting Standards Update (ASU) related to credit losses on financial instruments. Originally, comments were to be received by Apr. 30, but will now be accepted until May 31, 2013.
FASB has not established an effective date for this proposed ASU. Doeren Mayhew encourages financial institutions to send FASB comments by:
To help financial institutions prepare for the upcoming Current Expected Credit Loss (CECL) model, Doeren Mayhew has released a new e-paper Ready, Set, Go! Will the Latest Proposed FASB Changes Get the Green Light?, and will also be hosting a webinar on Apr. 24, 2013.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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