Issues & Trends | September 2017


2017 AICPA National Conference on Banks & Savings Institutions

KPMG reports on the key messages from the SEC, FASB, banking regulators and other speakers on current topics impacting banks. Significant topics addressed include new accounting standards, interpretive accounting issues, and current regulatory activity.


  • All financial institutions

Relevant dates

  • Effective immediately

Key impacts

  • Several interpretative accounting issues related to new accounting standards were discussed
  • Banking regulators discussed their views on the adoption of and expected impact of the new credit impairment standard (CECL)
  • Speakers shared leading practices and potential challenges regarding the adoption of new accounting standards

Report contents

  • Meeting highlights
  • Current expected credit loss standard
  • Revenue recognition
  • Hedge accounting
  • SEC & PCAOB highlights
  • Other accounting highlights
  • Other highlights



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