IDENTIFYING ISSUES – LOAN LEVEL ANALYSIS
LOAN LEVEL ANALYSIS AND CECL AUDITING Following the global financial crisis of 2007–09, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016–13, also known as Current Expected Credit Loss (CECL). Using CECL, banks can proactively react to actual and anticipated changes in the credit environment by detecting expected credit losses early. The social […]
