Special Assets Podcast:
Episode 1 - 07/17 FASB Meeting
On July 17, there was a FASB meeting where the board discussed changing the policy on effective dates for accounting updates, including CECL.
A synopsis of the meeting can be found here. The outcome included:
- A unanimous agreement in principle to give all but the largest U.S. Securities and Exchange Commission filers until January 2023 for CECL implementation
Garver Moore and Neekis Hammond, Managing Directors of Advisory Services at Abrigo, hosted a casual discussion to synthesize the results of this meeting and potential impact (or lack thereof) to financial institutions, based on their work with Abrigo clients and prospects. Listen to the podcast.