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Risk Controls & Analysis for CECL Implementation

Risk Controls & Analysis for CECL Implementation

A multinational financial services corporation needed support achieving compliance with the FASB’s current expected credit loss (CECL) accounting standard.

Challenge

A multinational financial services corporation needed support achieving compliance with the FASB’s current expected credit loss (CECL) accounting standard. The client turned to us to find a skilled business risk analyst to work alongside an internal team on this initiative. 

Solution

Our business risk analyst propelled the compliance project to a successful conclusion, providing training and change management support, in addition to real-time risk and control testing and analysis.

Outcome

With our resource working closely with the client’s team, we were able to align the company’s business processes with the new CECL compliance framework in real time. In addition, we left the internal team with knowledge of how to perform future testing and analyses to maintain compliance and assess potential business impacts.  

Industry

Deployment

Services

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