Credit losses represent a significant area of focus in financial statement audits. As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating ...

Consumer loan delinquency growth has stabilized, and Capital One is starting to capitalize on the tailwind. COF will likely see increasing margins from lower credit loss expenses as delinquency and ...

Citigroup Inc. said its cost of credit was about $2.7 billion in the third quarter, up from $1.8 billion in the year-earlier period, driven by higher cards net credit losses and a higher allowance for ...

Does existing guidance on current expected credit loss (CECL) apply to not-for-profit organizations (NFPs)? The answer depends on the types of financial assets an NFP holds. FASB Accounting Standards ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...