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New Financial Institutions E-Paper: Understanding Incurred Loss Model Changes
Under extreme pressure to address current accounting guidance on the “Incurred Loss” (IL) model’s inability to prevent past and potentially future global financial crises, the Financial Accounting Standard Board (FASB) has proposed an Accounting Standard Update (ASU) to replace the current IL model for estimating credit losses.
For more information, download the e-paper, or contact Doeren Mayhew’s dedicated Financial Institutions Group, with CPAs in Troy, Mich., and Houston, Texas.
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