Article
Your CECL questions - answered
Nov. 18, 2022 · Authored by Ivan Cilik, Matt J. Nitka, Sean Statz
In preparation for CECL adoption, Baker Tilly wants to ensure that your questions about CECL continue to be answered.
Our team provides extensive knowledge of the regulatory hurdles, available methods, data, technology, and qualitative requirements and the validation process. We are here to help organizations like yours go beyond simply achieving compliance. There’s still plenty of opportunity to use your data to address your future business objectives and gain a strategic advantage.
Some helpful insights
Gain confidence ahead of your next regulatory exam: the benefits of completing a thorough model validation
What are the benefits of doing a full validation? Review best practices when considering a model validation.
Best practices for banks when implementing q-factors
Now that current expected credit losses (CECL) requirements are in effect many banks are focusing on qualitative factors (q-factors) read Baker Tilly's best practices for implementation
It’s time to review your financial institution’s liquidity and ALM practices: leverage your data to mitigate risk
This article discusses how your financial institution can use data to reduce risk and improve your liquidity and asset liability management risk.
The benefits of CECL model validation beyond regulatory compliance
The current expected credit loss (CECL) adoption deadline of Jan. 1, 2023 has many financial institutions evaluating various models and assumptions. Read this informative article that shows how to go beyond checking the compliance box.
Current expected credit loss (CECL) standard
In 2016, the FASB introduced the new CECL accounting model. Considered one of the most significant accounting changes in years, early planning is key to successfully implementing the new standard ahead of its effective date.
Regulatory criticisms for the CECL standard
Being proactive can mitigate any financial loss, you can do this by addressing common regulatory criticisms. Follow our regulatory criticisms checklist to stay ahead of the curve.
