Insight

Pulse check Q1 2022

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 economic uncertainty due the Russia-Ukraine war, the pull-back of government stimulus, continuing impacts of COVID-19, and inflation coupled with increasing interest rates. This quarter, we surveyed 32 entities on their views related to the expected impact of CECL on reported earnings – including impacts to commercial and retail loan portfolios, challenges experienced in determining the estimate, outlook with regard to future economic conditions, methodology components, and disclosures.



Pulse check Q1 2022
How companies are responding to economic impacts in their CECL estimates