FASB’s expected-loss model to reverberate in Asia-Pacific

The move by the US accounting standards agency follows a similar one by the International Accounting Standards Board, and poses challenges for corporates operating in the Asia-Pacific.

The Financial Accounting Standards Board (FASB) has introduced new accounting requirements for credit losses that will move US-based banks and corporates to an expected-loss model from an incurred-loss model, posing several important challenges for companies operating in the Asia-Pacific region

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