This episode looks at whether companies have implemented the FASB standard on current expected credit losses (CECL) and also includes a discussion about PCAOB’s recent emphasis on the importance of audits.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Financial Instruments — Credit Losses (Topic 326) — Purchased Financial Assets
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group