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Was CECL Responsible for the Fall of Silicon Valley Bank?

by Mind the GAAP | Mar 15, 2023 | Credit Losses

The CECL model in ASC 326 was designed to prevent bank failures like Silicon Valley Bank. So what happened? The Thompson Reuters news service interviewed Scott Ehrlich of Mind the GAAP to get his perspectives on the collapse.

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FASB Mum on Rulemaking about CARES Act Deferral for Credit Loss Accounting Rules

by Mind the GAAP | May 4, 2020 | Credit Losses

In a recent article by the Thompson Reuters news agency, Scott Ehrlich, President of Mind the GAAP, shared his thoughts on whether the relief provided to depository institutions in the CARES Act may be extended to other organizations.

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