FASB's expected-credit-loss model triggers concerns and FAQs

03/26/2013 | JournalofAccountancy.com · Bloomberg BNA (free content)

The Financial Accounting Standards Board has released a 16-page document that describes technical aspects of its expected-credit-loss proposal in the financial-instrument project. The project has posed significant challenges as the U.S. board and the International Accounting Standards Board have pursued differing proposals. Questions have been raised about whether the FASB's proposal would cause vexing auditing challenges.

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JournalofAccountancy.com · Bloomberg BNA (free content)