Insights

Update to original November 6, 2013 Post: As expected, on November 25, 2013, FASB endorsed the PCC’s recommended accounting alternatives for goodwill and “vanilla” interest-rates swaps. The final ASUs have…

The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update (ASU), Financial Instruments – Credit Losses (Subtopic 825-15), which introduces the concept of the Current Expected Credit Loss…

Demand for vehicle loans has been increasing as the recovery gains ground. Vehicle lending trends over the last couple years include an increase in sub-prime lending, higher LTVs at origination,…

As part of the changes required by Dodd-Frank, effective January 1, financial institutions can no longer rely solely on the rating agencies to assess the risk of the investment securities…