CECL & IFRS9: Preparing today to be compliant tomorrow | KPMG | US

CECL and IFRS 9: Preparing today to be compliant tomorrow | June 2016

CECL and IFRS9:Preparing today to be compliant tomorrow


Related content

The accounting treatment of expected losses continues to undergo significant shifts both in the United States through the Financial Accounting Standards Board (FASB) and internationally through the International Accounting Standards Board (IASB). Those changes apply to all companies, but they will have a particular impact in financial sector loss recognition models. Shifts in loss recognition, in turn, impact a range of regulatory capital requirements associated with the loss function as well as processes for estimating retained earnings.

KPMG's paper, CECL and IFRS 9: Preparing today to be compliant tomorrow, provides perspective on the issues that these new standards raise, particularly for companies (including financial firms) that report their results using both FASB and IASB standards. It also identifies potential data gaps and regulatory compliance functions that will be impacted by the transition and recommends strategies for navigating the transition to the new loss recognition standards.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.