EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Overview
Our FRD publication on certain investments in debt and equity securities has been updated to remove the accounting guidance for credit impairment of debt securities under the legacy GAAP prior to the adoption of Accounting Standards Update (ASU) 2016-13, including interpretive guidance and examples, since all entities have adopted the ASU.