Issues & Trends   |   October 2018

 

2018 AICPA National Conference on Banks & Savings Institutions

KPMG reports on important messages coming from the SEC, FASB, banking regulators and other speakers on current topics impacting banks and savings institutions. Implementation of the FASB’s new current expected credit loss (CECL) standard continued to be the primary topic.

Applicability

  • All financial institutions

Relevant dates

  • Effective immediately

Key impacts

  • Interpretative accounting issues and recent conclusions related to new accounting standards were discussed
  • Banking regulators shared their latest views on the adoption of and expected impact of CECL
  • Speakers addressed ongoing challenges and other practical application issues regarding the adoption of new accounting standards

Report contents

  • Meeting highlights
  • Current expected credit loss
  • PCAOB & auditor’s reports
  • Other accounting highlights
  • Other highlights


 

 

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