Tag Archives: ALLL

Posted on May 13, 2009

Grant Thorton Addresses Bank Capital Requirements in Letter to Regulators

On May 6, 2009 public accounting firm, Grant Thorton sent a letter to Timothy Geithner, Ben Bernanke and Sheila Bair addressing bank capital requirements and the allowance for loan losses. I believe that this letter completely explains the auditor’s viewpoint on these two issues and offers the regulators a solution to protecting banks from future losses. Continue reading →

Posted in Accounting & Auditing, Community Banking, Lending, Regulatory Issues | Tagged ALLL, Capital, Community Banking, Regulatory Issues | Leave a comment

Posted on May 1, 2009

The Next Accounting Controversy

Standard-setters have moved on from fixing fair-value rules and have set their sights on off-balance-sheet accounting and loan-loss provisioning.

Revisions to how companies account for off-balance-sheet items and loan-loss provisions will knock fair-value accounting off the front page with respect to financial reporting, according to James Kroeker, acting chief accountant at Securities and Exchange Commission.

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