Current Expected Credit Losses
The new credit loss standard (CECL) requires companies to estimate expected credit losses on their financial instruments over the entire life of the asset. The CECL reporting standard impacts many areas of an organization beyond accounting and often presents more challenges than management teams anticipate. ÐÇ¿Õ´«Ã½ helps clients simplify the adoption process and create sustainable solutions. Our CECL accounting services provide more than just a set of recommendations â€” we become an extension of management to ensure your CECL implementation is practical and tailored to your businessâ€™s ongoing needs.
ÐÇ¿Õ´«Ã½â€™s practical approach to CECL consulting ensures an efficient and successful implementation by assisting with:
- Impact assessment
- Project management
- Data abstraction
- Accounting policy and methodology development
- Financial statement disclosure preparation
- Business process design
- Internal controls development and testing
- Training and education
- Model development and validation
Choosing ÐÇ¿Õ´«Ã½ for CECL services means your organization can fulfill your obligations easily and without concern. If you want to learn more about our advisory capabilities for CECL data management and other aspects of the CECL regulation, get in touch with us today.
ÐÇ¿Õ´«Ã½ looks at several pitfalls faced by public company adopters during their implementation of the new credit loss standard, CECL.
Highlights from a virtual discussion on year-end readiness, including trends impacting audit and 2023 planning cycles.
Missed this yearâ€™s AICPA Conference on Current SEC and PCAOB Developments? Our experts give a breakdown of the key themes that emerged.
ÐÇ¿Õ´«Ã½ experts explain how CECL will affect the healthcare industry and what companies should keep in mind as they transition to the new standard.