CECL: It Doesn’t End With Adoption
At The Bonadio Group, we have the privilege of working alongside financial institutions across the country as they navigate a constantly evolving regulatory and economic environment. One of the most significant accounting changes to impact the financial services industry in recent years has been the adoption and ongoing implementation of the Current Expected Credit Loss (CECL) standard.
When CECL was first introduced, many institutions focused on getting to the finish line—meeting compliance requirements and building a model that could withstand day-one scrutiny. But as regulators have consistently reminded us, the real challenge lies in the phrase, “adopt and adapt.” CECL isn’t a static model. It’s designed to evolve in tandem with your institution’s experiences, economic conditions, and portfolio composition.
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. To determine the level of engagement that’s right for your financial institution, please contact us. CECL services include:
- Annual Audit of the Standard
- Auditing the Implementation of the Standard
- Consulting
- Model Validation
45-Page eBook: CECL 2.0
This eBook brings together a series of practical, experience-driven articles from our Financial Services team, focusing on the top areas we believe financial services leaders will need to prioritize in 2025 and beyond. From qualitative factors and economic forecasts to segmentation, backtesting, and model governance, our insights are designed to help institutions assess their current position—and identify areas where they may need to evolve.
Swipe Through And Download Our Free Guides Today!
CECL 2.0
“CECL isn’t just about compliance anymore—it’s about staying ahead. That’s why we created our CECL eBook 2.0. It’s packed with real-world insights from our Financial Services team, focused on what financial leaders like you need to prioritize in 2025 and beyond. From economic forecasts and qualitative factors to segmentation strategies, back testing, and model governance, this eBook helps you see where your institution stands—and where it needs to evolve. No matter where you are in your CECL journey, we’re here to help you navigate the road ahead with confidence.“
Insights & Events
