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Heads Up — Congress shows that it CARES about accounting rules for banks and credit unions

Published on: 03 Apr 2020

This Heads Up discusses actions that might be taken by the US SEC or FASB as a result of the relief extended to banks and credit unions by the newly enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Originally issued on March 27, 2020, this Heads Up was updated to reflect the April 3, 2020, statement by SEC Chief Accountant Sagar Teotia on actions being taken by the SEC in response to coronavirus disease 2019 (COVID-19).

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