SEC Updates Guidance for CECL
Thoughtware Article
Published: Dec 03, 2019

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.