Insight

Pulse check Q2 2021

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

Reza van Roosmalen

Reza van Roosmalen

Accounting Change Services Lead, KPMG US

+1 212-954-6996

Daniel Ward

Daniel Ward

Senior Manager Audit, Audit - NYFS, KPMG US

+1 973-912-4625

Since the first quarter of 2020, KPMG has surveyed commercial and consumer lending institutions to understand how they are responding to changes in CECL in light of the unprecedented COVID-19-related recession. This quarter, we surveyed 46 entities on their views related to the expected impact of economic conditions on the CECL methodology, model data and validation policies, and estimated impacts of CECL on reported earnings.


Pulse check
How companies are responding to CECL changes in Q2