SEC Updates Guidance for CECL

Thoughtware Article Published: Dec 03, 2019
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The SEC recently issued Staff Accounting Bulletin (SAB) 119, which updates previous guidance to reflect the new credit impairment rules in FASB’s Accounting Standards Update 2016-13, commonly referred to as CECL. SAB 119 updates methodologies and supporting documentation requirements for measuring credit losses. Read on for more details.


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