While the Financial Accounting Standards Board’s (FASB) current expected credit loss (CECL) standard does not go into effect in 2018, banking institutions are required to have a disclosure of the model and will need to define the impacts it will have on their organization’s financial statements. Listen to our on-demand webinar to discuss what your banking institution should do in 2018 to prepare for CECL’s Dec. 15, 2019 effective date.

68 Percent of Financial Institutions Have Not Fully Evaluated Options for CECL Standard Implementation

Key takeaways

• The key provisions and impacts of CECL
• Determining how to define disclosure requirements
• What organizations should be undertaking to prepare for CECL’s implementation date

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For more information on this topic, or to learn how Baker Tilly’s insurance and internal audit specialists can help, contact our team.

67.5 percent of respondents answered “No, barely scratched the surface of CECL,” "No, still educating ourselves" or "Yes, but just beginning" to a poll question during the CECL: 2017 financial statement requirements webinar on Jan. 18, 2018.

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