Current Expected Credit Losses: Preparing for the New Standard

Houlihan Lokey's Accounting and Financial Reporting Advisory team is pleased to share an overview of the recent accounting standard Current Expected Credit Losses (CECL) and the impact it will have on our clients with specialty finance platforms. There are several benefits and less exposure to credit risk if firms proactively implement the new CECL model, including the following:

  • A jumpstart not only to address questions from auditors and regulators but also those of management, the board, and shareholders that may factor into capital allocation planning and decisions;
  • Greater flexibility to adapt to interpretations of the new standard and ample time to analyze data and the implication on earnings—especially important for companies making current or future lending and origination decisions;
  • Fine-tune what financial statement preparers should evidence and document in order to support their estimates and reduce the risk for audit or regulatory findings.

Download our report to learn more.

*The file is an Adobe Acrobat PDF. If you experience difficulty opening the downloadable file, you may need to download the free Acrobat Reader.

Contacts

Lawson Smith Director, Head of Accounting and Financial Reporting Advisory
Jason Prendergast Vice President, Accounting and Financial Reporting Advisory
Oscar Aarts Director, Tax and Financial Reporting Valuation
Christopher Schneck Vice President, Tax and Financial Reporting Valuation
Jonathan Sloan Managing Director, Structured Products
Brent Ferrin Director, Financial Institutions Group

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