The road to adoption of the credit loss accounting standard (CECL) was long and demanding, and critical decisions had to be made. You’ve put together your resources, chosen your methodology, and implemented the standard. But whether you’re reporting for the first time or you’ve already reported a few times — the challenges don’t go away. Standard setters and regulatory bodies will continue to issue guidance and enhance disclosures. One thing is clear, CECL requires ongoing monitoring and challenges to your model and its key assumptions.
Our specialists understand the standard and have identified scalable approaches to achieve compliance with the standard. With deep experience helping financial institutions implement and validate various models, our experts are at the ready to help you with the post-implementation challenges, including verification of calculations, meeting disclosure requirements, and ongoing model validation and capital stress testing.
Let us help you understand your options to confidently move forward.
