The CECL Impact in 2023

By: Jeff Parker The implementation of the Current Expected Credit Loss (CECL) standard in 2023 had a significant impact in reported allowance for credit loss and net worth balances. The implementation contributed to an overall increase in reported loss estimates,

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2023 Employee Benefit Plan Reporting Changes

The Employee Benefit Plan reporting requirement updates for 2023 have proven to be significant. The changes affect plan years beginning on or after January 1, 2023. These changes are annual provisions related to the Setting Every Community Up for Retirement Enhancement

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