The board has voted to defer the effective date of its long-duration insurance contract standard for one year in response to the pandemic.
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Feed SubscriptionFASB’s new chairman plans review of impact of standards
Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.
Read More »Credit card companies put aside billions for CECL and coronavirus
The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.
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