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.
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.
To View this Resource
A quick registration is required to view our resources. You will only be asked to do this one time (unless you don't save your browser cookies).