PwC responds to the FASB’s proposed codification improvements to CECL

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Comment letter , PwC US Jul 24, 2019

What does PwC think about the FASB’s latest improvements to the new credit loss standard? Read here.

Overview

PwC submitted a response letter expressing support for the FASB’s proposal to make codification improvements to the new credit losses standard. The proposed amendments clarify the guidance related to negative allowances and financial assets secured by collateral maintenance provisions, provide transition relief for troubled debt restructurings, and provide disclosure relief to accrued interest receivables.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

Chip  Currie

Chip Currie

Partner, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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