You Implemented CECL—Now What?
For Financial Institutions, the success or failure of the CECL approach in reducing the procyclicality of credit loss allowances may depend on institutions’ ability to forecast changing economic conditions and adjust credit loss estimates accordingly.
Our 65-page e-book has comprehensive insights and tactics for financial institutions to meet CECL requirements—including 15 sample disclosures and tables. Use it as a resource to clarify roles, responsibilities, documentation, and other myriad details.
65-Page E-book: You Implemented CECL—Now What?
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What's in the E-Book
Implementation
The most important part of your CECL journey is implementation – and as every traveler knows, there will always be known and unknown factors that must be considered. Our CECL Modeling and Implementation FAQs address key milestones throughout the implementation, so you’ll be prepared as you begin to navigate this phase.
Validation
The CECL Roundtable Series is your roadmap. We’ve covered everything from accounting standard and regulatory compliance, how to conduct an analysis of and properly document your calculation results, to internal controls – including third party services providers.
Compliance
Throughout the CECL journey, compliance plays a major role – but even more so as you near or cross the finish line. The complexity of the financial statements and the need for accurate and robust disclosure compilation are key concerns. We walk you through this critical component with our 15-page set of sample disclosures.
You Implemented CECL- Now What?
“We think you’ll find this will be a valuable resource to help you meet the new and exacting CECL standards. We’ve organized the content to help you clarify roles, responsibilities, documentation and other myriad details. Your Bonadio Financial Services Team can assist you in determining the level of our engagement that’s right for your organization. From planning to execution, we’re in this together and are committed to your success & More.”
CECL Services
Our model-based services have a proven track record of helping firms prepare for future economic outcomes. We help our clients clarify future risks within their expected credit loss models. Our services also ensure that you comply with the accounting requirements under the new standard. Our CECL services include:
- Annual Audit of the Standard
- Auditing the Implementation of the Standard
- Consulting
- Model Validation
