Allowance for credit losses & CECL adoption
Reduce pressure related to your CECL framework adoption
A rapidly changing economy, competing priorities, and fast-approaching deadlines can make CECL model adoption challenging.
Since the current expected credit loss (CECL) standard was issued in 2016, we have been engaged by more than half of the financial organizations required to adopt in 2020. If your organization is required to adopt in 2023, you might be facing the same hurdles.
Swiftly changing economic conditions
Economic forecasting in transition
Development of a reasonable and supportable forecast
Swiftly changing economic conditions
Economic forecasting in transition
Development of a reasonable and supportable forecast
Ways we can help
With our experience in model risk management, credit risk management, and accounting standards implementation, we have developed a comprehensive framework to help guide your CECL adoption. We also can help with ongoing needs after implementation.
CECL implementation tool kit
We’ve created a do-it-yourself checklist to help guide your CECL implementation. Use our resources to assess accounting, data, CECL modeling, and disclosure requirements to put you on the right track.
Accounting advisory for CECL
Our dedicated accounting advisory professionals are available to help with the complex accounting challenges you face related to CECL. Our team can assist with documentation, controls, qualitative factors, or any other area where support is needed.
Crowe Credit360 for CECL
Get data warehousing, portfolio analytics, CECL modeling, and more – in one easy-to-use solution. With automated portfolio analytics, Crowe Credit360 for CECL offers insights into your portfolio in addition to CECL modeling.
We’ve created a do-it-yourself checklist to help guide your CECL implementation. Use our resources to assess accounting, data, CECL modeling, and disclosure requirements to put you on the right track.
Our dedicated accounting advisory professionals are available to help with the complex accounting challenges you face related to CECL. Our team can assist with documentation, controls, qualitative factors, or any other area where support is needed.
Get data warehousing, portfolio analytics, CECL modeling, and more – in one easy-to-use solution. With automated portfolio analytics, Crowe Credit360 for CECL offers insights into your portfolio in addition to CECL modeling.
Credit risk management
Manage credit risk with vetted solutions. We provide portfolio analysis to help identify exposure and drive insights, loan review services to strengthen your loan review function, and credit data automation.
Data management
Data and technology can be powerful, but they must be reliable and properly implemented for maximum efficiency. Crowe has the tools and expertise to help you use technology to your advantage.
Model risk management
Model validation is a critical component within CECL. Crowe has the expertise and a proven framework to validate CECL models. Save time and mitigate risk through technology-enabled model risk management.
Manage credit risk with vetted solutions. We provide portfolio analysis to help identify exposure and drive insights, loan review services to strengthen your loan review function, and credit data automation.
Data and technology can be powerful, but they must be reliable and properly implemented for maximum efficiency. Crowe has the tools and expertise to help you use technology to your advantage.
Model validation is a critical component within CECL. Crowe has the expertise and a proven framework to validate CECL models. Save time and mitigate risk through technology-enabled model risk management.
Work with us
In a world of evolving economic conditions, you need a team that knows the landscape.
Crowe is the only professional services provider endorsed by the American Bankers Association (ABA) for governance, risk, and compliance management consulting services, including credit services.
We were engaged by more than half of the 2020 financial organizations required to implement the CECL standard. We can use our expertise to work with you too.
Contact us today.