General Session (Onsite and Online)

BANCU2403. FASB Update: 2024 and Beyond

During the past year, the Financial Accounting Standards Board (FASB) has made significant progress on priority areas identified by stakeholders. Over the next few months, the FASB is on track to complete several priority projects identified during its 2021 agenda consultation and to issue proposals on a number of other projects. The FASB is also continuing to work on its current expected credit losses (CECL) standard through its ongoing post-implementation review (PIR) process. During this session, FASB Member Fred Cannon, Technical Director Jackson Day, and Senior Advisor Rosemarie Sangiuolo will provide updates on technical and research agenda projects of interest to the banking industry and will highlight upcoming exposure documents for public comment. The panelists will also discuss opportunities to provide input on the FASB’s future priorities.


Learning Objectives:

  • Recognize FASB’s progress on the CECL purchased financial assets project
  • Recognize developments related to other standard-setting activities relevant to banking institutions
  • Identify upcoming exposure drafts for public comment.
Date/Time
–
CPE Credits
1.5
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
3-4 years in the profession
Advanced Preparation
None
Session Tags
Banks
Credit Unions
Speakers
Image of Fred Cannon

Fred Cannon

CFA
Board Member
FASB
Image of Jackson Day

Jackson Day

Technical Director
Financial Accounting Standards Board
Image of Rosemarie Sangiuolo

Rosemarie Sangiuolo

Senior Project Advisor
Financial Accounting Standards Board