AICPA Practice Aid: Allowance for credit losses includes audit considerations with a focus on loans measured at amortized cost for depository and lending institutions as well as insurance companies.
This practice aid has been developed to help auditors in their communications with both management and audit committees as they address FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and to provide auditors with information that may help