Issues & Trends | September 2019


2019 AICPA 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.


  • All financial institutions

Relevant dates

  • Effective immediately

Key impacts

  • Speakers addressed ongoing challenges and other practical application issues regarding the adoption of CECL
  • Banking regulators shared their latest views on the adoption of and expected impact of CECL
  • Other topics included reference rate reform and critical audit matters

Report contents

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

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