NAAS News

Call for Manuscripts for the NAAS’s New Journal

Call for Manuscripts – Deadline Extended to July 15, 2018, for the NAAS’s New Journal: The North American Accounting Studies

Editors Carol Jessup and Essam Elshafie have released the call for manuscripts for the inaugural issue of the North American Accounting Society’s new scholarly journal, The North American Accounting Studies.  Click here for the call, and click here for the journal’s website.  For a number of years, the board of directors of the NAAS has discussed plans to sponsor an academic journal.  Thanks to the tremendous efforts of Carol Jessup and Essam Elshafie, that journal is now a reality! The North American Accounting Studies Editorial Board members thank Northeastern Illinois University for hosting services.

2018 Distinguished Paper Award

 “The Impact of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves”

Congratulations to Sarah Chae, Robert F. Sarama, Cindy M. Vojtech, and James Wang, all from the Federal Reserve Board of Governors, recipients of the 2018 MBAA-International Distinguished Paper Award in Accounting.  Their research examines the new forward-looking credit loss provisioning standard, CECL, which is intended to promote proactive provisioning based on future macroeconomic expectations. In the context of first-lien mortgage loans, they study the degree to which these expectations affect the size and timing of provisions. Findings are that forward-looking provisions are generally less pro-cyclical than the current incurred loss standard, but CECL may complicate the comparability of provisions across banks and time. Market participants will need to disentangle the degree to which variation in provisions across firms is driven by underlying risk verses differences in modeling assumptions.  The authors were presented with the award at the 2018 MBAA-International conference, April 18-20, in Chicago.