Roadmap to the Future: Fact vs Fiction (on CECL and Other FASB Standards)

The FASB develops standards that work not just for today, but also for the future.  To do this, FASB members and staff engage in extensive outreach and research to understand and address stakeholder questions (or misconceptions) around existing and upcoming standards. During this session, FASB Member Hal Schroeder will discuss how the FASB is doing this, and how it is supporting successful implementation of its standards—including current expected credit losses, or CECL—right now.  He’ll also discuss current FASB agenda projects aimed at ensuring high-quality standards in the future. They include the Board’s look at a new effective date philosophy, reference rate reform, and hedging.

Presenter: Hal Schroeder, FASB