In September, KPMG reported on the key messages coming from the SEC, FASB, banking regulators and other speakers on current topics affecting banks and savings institutions.
In this update, KPMG summarizes discussions from the December meeting including the adoption of the new current expected credit losses (CECL) standard, COVID-19 loan modifications, and the ongoing effects of COVID-19 on the economy and the banking industry.
Issues & Trends: Pt. 1: 2020 AICPA conference on banks & savings institutions
Handbook: Impairment of nonfinancial assets
Hot Topic: Financial reporting implications of the CARES Act
Receive timely updates on accounting and financial reporting topics from KPMG.
Receive timely updates on accounting and financial reporting topics from KPMG.
Use our Accounting Research Online for financial reporting resources.
Use our Accounting Research Online for financial reporting resources.