EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Our FRD publication on credit impairment under ASC 326 has been updated to clarify and enhance our interpretive guidance. This edition also incorporates our existing guidance on the application of ASC 326-20’s CECL impairment model to short-term receivables and contract assets relating to goods or services an entity sells to its customers. Refer to Appendix E within the publication for a summary of important changes.