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A&A news from around the web: April 8 – 12, 2019

Written on May 1, 2020

FASB rejects regional bank proposal, reverses course on vintage disclosures
FASB has made two decisions that will limit changes to the current expected credit loss standard, or CECL, ahead of implementation. SEC-registered banks must comply with CECL in Q1 2020; all other financial institutions have until the following year or later.

Demystifying artificial intelligence for audit
AI technology plays a vital and evolving role in how we understand and interact with the world around us, but the question in our world is, what does AI mean for auditors?