Insight

Pulse check Q3 2021

How companies are responding to economic impacts in their CECL estimates

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 44 entities on their views related to the expected impact of CECL on reported earnings – including commercial and retail loan portfolios, methodology components, and policy for identifying purchased credit deteriorated loans.


Pulse check Q3
How companies are responding to economic impacts in their CECL estimates in Q3