Insights
AUDIT READINESS 2 – LAYING THE INFORMATION OUT TO HELP THE AUDITOR
CECL AND AUDIT READINESS The Financial Accounting Standards Board (FASB) issued the credit loss accounting standard, the Current Expected Credit Losses (CECL), in June 2016.
THE RELATIONSHIP BETWEEN DCF, PD/LGD AND LOAN PRICING
DISCOUNTED CASH FLOW (DCF) METHOD AND ITS RELEVANCE TO CECL Notwithstanding the 2023 effective date, financial institutions are already working to have systems and procedures
PROBABILITY OF DEFAULT – POOL VS CREDIT SCORE
PROBABILITY OF DEFAULT (PD) UNDER CECL Most financial institutions, such as banks and credit unions, regard the Probability of Default/Loss Given Default (PD/LGD) technique as
Q-FACTORS – THE SECRET SAUCE FOR EVERY US INSTITUTION
Q FACTORS UNDER CECL Most financial institutions in the U.S. were left wondering about the fate of their qualitative factors, also known as Q factors,
DATA AND ISSUES AROUND CREATING A SMOOTH, AUDITABLE PROCESS IN THE FUTURE
AUDITING CECL RESERVE CALCULATIONS The Financial Accounting Standards Board’s (FASB) new standard, the Current Expected Credit Loss (CECL) continues to be a challenge for independent
CECL DATA SOURCES OVERVIEW FOR SMALL BANKS – FFIEC, FRED, AND FED
CECL STANDARD AND THE BANKING INDUSTRY Small community banks have until 2023 to implement Current Expected Credit Losses (CECL) accounting standards after the Financial Accounting
