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: loan losses

SEC Issues Interpretation On Codification, 'Dear CFO' Letter On MD&A For Loan Losses
On Aug. 18, 2009 the SEC issued two releases relating to the FASB Codification, and relating to MD&A disclosures of loan losses.
FASB Wants Changes To Loan Loss Disclosures This Year
At its April 22, 2009 board meeting, FASB agreed to that its upcoming proposal on loan loss disclosures should be effective this year (interim and annual periods ending after Dec. 15, 2009). FASB staff expects to release the proposal in May, and the board agreed to a 60-day comment period.
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