CECL: Where We Are and What's on the Horizon

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In 2016, the Financial Accounting Standards Board (FASB) announced a new accounting standard introducing the current expected losses (CECL) methodology for estimating allowances for credit losses, applying to all financial institutions that file regulatory reports conforming to Generally Accepted Accounting Principles. 

With initial implementation now behind us, leverage this guide to ensure you're ready for your next regulatory exam or financial statement audit.