Ensuring CECL compliance for regulators and peace of mind for you

Current Expected Credit Loss & CECL Compliance

Since it was announced, Current Expected Credit Loss Standard (CECL) has taken the industry by storm. Institutions across the country struggle with validating their data and methodologies for CECL compliance. That’s where we come in.

LET'S TALK

Practice Lead

Joseph Jalbert

Principal

Joe is a member of BNN’s banking and financial services industry team, with particular experience serving community banks and credit unions. Joe has a wealth of knowledge in mergers and acquisitions, SOX 404 and FDICIA reporting.

Meet The Team

Subscribe to our newsletter for the latest banking insights.

Subscribe Today

Our team helps guide you through the complexities of CECL implementation.

The Current Expected Credit Loss standard demands a lot from banks and financial institutions. You need confidence that your data and methodologies for recognizing losses and evaluating loan quality are accurate and your tools are reliable.

The BNN Current Expected Credit Loss team can help with a variety of data-related services for institutions in the process of implementing CECL. And our capabilities are always growing.

Let us help you ensure CECL is working for your institution.

How we help with CECL compliance

Control design assessments – evaluating the design of controls intended to ensure the information used for the CECL process is complete and accurate
Control assurance testing – testing the effectiveness of CECL processing and reporting controls
Data flow validation – validating and tracing CECL calculation source information to the resultant calculations and reports
System selection for CECL reporting tools
Vendor selection and contract negotiations
Process redesign – evaluating the current CECL reporting process, identifying gaps, and developing a roadmap to implement any new processes
Developing accounting whitepapers to navigate CECL guidance
Assistance with developing CECL policies and procedures

What our clients are saying

"The organization and structure BNN brought not only got our project back on track, but it has also been an educational experience and a cost-saving decision."

— CFO, A BNN Business Process Redesign Client