Financial Institutions Blog

Created: Thursday, May 12, 2022

Are You Ready for Current Expected Credit Losses (CECL)?

Adoption of ASU 2016-13 Measurement of Credit Losses on Financial Instruments (CECL) will have a significant impact on financial institutions and their allowance for loan and lease loss (ALLL) calculation. After many delays, the effective date of CECL for private companies is less than a year away.