Insight

Pulse check Q4 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

Patrick Davies-Griffith

Patrick Davies-Griffith

Senior Manager Audit, KPMG US

+1 203 229 3323

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 36 entities on their views related to the expected impact of CECL on reported earnings – including impacts to commercial and retail loan portfolios, methodology components, outlook with regard to future economic conditions and disclosures.



Pulse Check Q4 2021
How companies are responding to economic impacts in their CECL estimates