Insight

Pulse check

How companies are responding to changes in CECL due to COVID-19

Reza van Roosmalen

Reza van Roosmalen

Accounting Change Services Lead, KPMG US

+1 212-954-6996

Emily De Revere

Emily De Revere

Director, Accounting Advisory, KPMG US

+1 617-988-5708

John Lyons

John Lyons

Director, Accounting Advisory Services, KPMG US

+1 212-954-6804

Benjamin Kanigel

Benjamin Kanigel

Advisory Managing Director, Modeling & Valuation, KPMG US

+1 212-954-4621

We know you have many questions about how the COVID-19 situation will impact your implementation of the CECL accounting standard. To help understand the ramifications of the economic disruption, we surveyed banks and consumer lending businesses. In the attached report, we share their insights about how they plan to respond and offer some guidance on common challenges.

We hope you find it useful. 

Pulse Check
How companies are responding to changes in CECL due to COVID-19