The Public Company Accounting Oversight Board is giving firms a pause until May 11, given the difficulties businesses are facing from COVID-19. | FASB may need to revise CECL to deal with coronavirus fallout → | | By Michael Cohn 6 min read | | The Financial Accounting Standards Board has come under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic. | |
| 'Challenges create opportunities' → | | By Daniel Hood | | CohnReznick's newly installed CEO, David Kessler, shares the challenges facing his Top 100 Firm and the profession at large — as well as how the firm has reacted to the coronavirus. | |
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