No Stone Unturned: Key Considerations for Finalizing CECL Model Implementation and Validation
With a December 31st deadline looming for SEC reporting financial institutions under the Financial Accounting Standards Board’s (FASB) new Accounting Standard Update (ASU) on Current Expected Credit Loss (CECL), institutions are in various stages of finalizing their models and model documentation, performing model validation and testing, performing parallel runs and updating processes and procedures. CECL […]
