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 auditors, financial statement preparers, and users. The metrics that companies traditionally used to estimate their future credit losses have undergone a paradigm shift with CECL. The previous method of loan […]
