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FASB announces CECL implementation workshops

  • FASB (US Financial Accounting Standards Board) Image

Oct 22, 2019

The FASB has announced that it will conduct several workshops to help community banks and credit unions implement its new standard on current expected credit losses (CECL).

The workshops will “focus on credit loss reserve estimation techniques, including the weighted average remaining maturity (WARM) method; answers to frequently asked questions; and other common implementation issues.”

For more information, including workshop dates and locations, see the press release on the FASB’s Web site.

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