Whitepapers

Whitepapers

NCUA Issues Guidance on CECL Audit Minimum Procedures

  The complexities of the Current Expected Credit Loss (CECL) standard remain a significant challenge for credit unions, particularly those...

January 14, 2025
Benchmarking, Back-Testing, & Sensitivity Analysis
Whitepapers

Benchmarking, Back-Testing, & Sensitivity Analysis

  Introduction CECL is a financial accounting standard that requires all companies to estimate and record an allowance for expected...

July 31, 2023
Effects of CECL on Investment Portfolios
Whitepapers

Effects of CECL on Investment Portfolios

  Introduction The CECL standard has enormous ramifications for accounting for investments. All investments need to be re-evaluated, based on...

May 9, 2023
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Whitepapers

Economic Forecasting Under CECL – A Guide

  Introduction Economic forecasting is one of the most important components for CECL. It requires a more comprehensive understanding of...

April 5, 2023
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Whitepapers

CECL Changes in Merger Accounting and Purchasing Loan Pools

Introduction With the requirement now being that institutions have to calculate the CECL allowances for all amortizable financial assets, it...

March 7, 2023
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Whitepapers

Adjusting Your Historical Data Under CECL – Qualitative Factors Run Amuck

Quantitative and Qualitative Factors Under CECL, companies are required to consider both quantitative and qualitative factors when adjusting...

February 1, 2023
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Whitepapers

Latest FASB Proposal Makes Merger Accounting Simpler Under CECL

FASB Moving Closer to Simplifying the Purchased Credit Deteriorated Model (PCD) Currently, the CECL standard requires the acquirer of financial...

January 19, 2023
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Whitepapers

Understanding Collateral Dependent Loans Under CECL

CECL has brought about many changes to long-established accounting practices. The concept of impaired loans as well as the...

September 4, 2020
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Whitepapers

Final Interagency Policy Statement – How Regulatory Agencies Will Respond to CECL

The final interagency policy statement was put out for comment on October 17, 2019 to address FASB ASC Topic 326...

May 14, 2020
The Importance of Data and Why
Whitepapers

CECL: The Importance of Data and Why

As with every new standard or compliance standard there are questions about how to align with new requirements and practices....

September 30, 2019
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