Adapting to CECL – Data Requirements for Making the Transition | Crowe Horwath LLP

Adapting to CECL – Data Requirements for Making the Transition | Crowe Horwath LLP:



 "The new Financial Accounting Standards Board standard for estimating expected credit losses requires significant changes in the way entities calculate credit impairment on financial assets. Challenges can arise when entities attempt to assemble the data that is needed to perform the required analysis. Although much of the necessary data is likely to exist within various internal systems, most financial services organizations are unable to access the data quickly, consistently, and accurately in a coordinated system. In this article, Crowe Horwath LLP reviews the data challenges associated with the new standard and presents an approach to help make the transition."





'via Blog this'

Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.