Not-for-Profit Guide: Revisions to Chapter 8, Programmatic Investments, for application of FASB ASC 326, Credit Losses

The AICPA’s Financial Reporting Executive Committee has issued a working draft of Chapter 8, Programmatic Investments, of the Audit & Accounting Guide: Not-for-Profit Entities, for application of FASB ASC 326, Credit Losses (CECL). This chapter provides guidance and illustrations for the application of CECL to programmatic loans.

We are looking for your informal feedback on this working draft. All comments will be kept confidential and will not be posted on the AICPA Web site. If you would like to provide comments, please e-mail them to Stephanie Otero at stephanie.otero@aicpa-cima.com by July 12, 2024. The Financial Reporting Executive Committee and the Not-for-Profit Expert Panel that developed this working draft are looking forward to hearing from you.