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