Current Expected Credit Loss Standard

Ensuring compliance for regulators and peace of mind for you

Since it was announced, 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.

Joe Jalbert headshot

Download our CECL Toolkit to help get your bank on track for a successful CECL implementation.

Our team can help 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 CECL 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 can help

  • Control design assessmentsevaluating the design of controls intended to ensure the information used for the CECL process is complete and accurate
  • Control assurance testingtesting the effectiveness of CECL processing and reporting controls
  • Data flow validationvalidating and tracing CECL calculation source information to the resultant calculations and reports
  • System selection for CECL reporting tools
  • Vendor selection and contract negotiations
  • Process redesignevaluating 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

Who we work with

  • Commercial banks
  • Savings banks
  • Trust companies
  • Credit unions
  • Non-depository trust companies
  • Registered investment advisors
  • Investment management companies

We look forward to helping you with your CECL needs.