FASB Holds Roundtable Meeting on Credit Losses

On May 20, 2021, the FASB held a virtual roundtable meeting on its standard on current expected credit losses (CECL).

Stakeholders provided feedback on (1) CECL implementation amid the COVID-19 crisis, (2) purchased financial assets with credit deterioration, and (3) troubled debt restructurings.

For more information, see the meeting recap on the FASB’s Web site.