PwC responds to the FASB’s proposed improvements to ASC 326
The FASB proposed updates to the non-PBE implementation date and scope of the credit losses standard. Find out what we think.
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 align the implementation date for nonpublic business entities’ annual and interim financial statements and clarify that operating lease receivables should be accounted for under the new leases guidance.
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