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Review of the first wave of credit impairment disclosures under the new standard


Our publication analyzes the first-quarter disclosures in Securities and Exchange Commission filings by a sample of 100 companies (mostly banks) that have adopted the new credit impairment guidance in Accounting Standards Codification 326. While the impact of COVID-19 dominated these disclosures, the level of detail in both qualitative and quantitative disclosures varied widely.

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