Allowance for credit losses & CECL adoption

Need help with your CECL adoption?

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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

The global events of the past three years have created an unprecedented economic landscape.

Economic forecasting in transition

Before the pandemic, economic forecasts were based largely on home price index and employment rates. Now, considerations include broader conditions such as inflation and other shifting factors.

Development of a reasonable and supportable forecast

Organizations are shifting to communicate how economic conditions are being estimated and to provide expectations of how the changing economic environment will affect future results.

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.

Learn more about DIY implementation

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.

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Crowe Credit360 for CECL™ solution

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.

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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.

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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.

Learn more about our data management service

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.

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Related insights

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2025 Illustrative Financial Statements

These 2025 illustrative financial statements for financial institutions include common disclosures as required under applicable accounting standards.

Checklist: Questions To Strengthen Your ACL Process

Financial leaders can strengthen CECL oversight with an allowance for credit losses checklist to enhance governance and accuracy.

2026 Bank M&A Survey

Bank Director’s 2026 Bank M&A Survey, sponsored by Crowe, shows rising pricing expectations renewing interest among bank leaders considering a sale.

2025 Illustrative Financial Statements

These 2025 illustrative financial statements for financial institutions include common disclosures as required under applicable accounting standards.

Checklist: Questions To Strengthen Your ACL Process

Financial leaders can strengthen CECL oversight with an allowance for credit losses checklist to enhance governance and accuracy.

2026 Bank M&A Survey

Bank Director’s 2026 Bank M&A Survey, sponsored by Crowe, shows rising pricing expectations renewing interest among bank leaders considering a sale.

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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.