City sky scrapers

On May 20, 2021, FASB hosted a public roundtable session with preparers, investors/analysts, regulators, and auditors to discuss the credit impairment standard, which has come to be known as CECL. Topics included post-implementation review and COVID-19 impacts, purchased financial assets with credit deterioration, and troubled debt restructurings. This article provides details on the discussions, which will guide potential future FASB standard setting on this accounting guidance.

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