The Financial Accounting Standards Board (FASB) did not prescribe a specific approach when it required the Current Expect Credit Loss (CECL) standard, leaving it up to financial institutions to determine the best path forward. Since Allowance for Loan and Lease Losses (ALLL) is no longer an apples-to-apples comparison, how will this impact a financial institution’s ability to compare itself to its peers?
In our latest white paper, The CECL Paradox and its Impact on Financial Comparability, we explore the impact of FASB’s non-prescriptive approach on financial comparability and what steps financial institutions can take to mitigate comparability challenges.
You will learn:
Why financial comparability matters and what exactly is the CECL paradox;
Where comparability arises in your CECL approach;
The four key takeaways that can help your financial institution mitigate challenges related to comparability.
To learn more about CECL’s impact on financial comparability, and what steps you need to take to prepare, click here to download our latest white paper on the subject.