July 19, 2018

critically important matters

You Know the Convergence of Loan Loss Accounting Is in Sorry Shape When Banks Are a Voice of Reason

Right now, the FASB and IASB are nowhere near agreeing on how loan loss accounting should be done and fifteen (!!!) banks including Bank of America, JPMorgan, Citigroup, Morgan Stanley, and Wells Fargo would like the rulemaking bods to get their act together:  While we acknowledge the difficulty inherent in reconciling disparate points of view, we […]