Strategies for CECL

October 25, 2016

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After several years of anticipation (and delays), the Financial Accounting Standards Board (FASB) issued its final guidance related to the current expected credit loss standard (CECL) in June 2016. This represents the most sweeping accounting change to financial institutions in the past several decades, and although these changes won’t take effect for a few years, institutions must begin taking steps now to ensure they are prepared for the compliance and operational challenges that will result.

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