FASB may need to revise CECL to deal with coronavirus fallout

The Financial Accounting Standards Board is coming under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic.

Original Article Posted at : https://www.accountingtoday.com/news/fasb-may-need-to-revise-cecl-to-deal-with-coronavirus-fallout