PODCAST

KPMG Podcast: Current expected credit losses (CECL)

An overview of how the current economic environment is affecting CECL forecasting.

Karen Silverman

Karen Silverman

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-1377

Mark Northan

Mark Northan

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-6927

Podcast overview

In this 24-minute podcast, specialists from our Department of Professional Practice discuss the challenges posed by COVID-19 and the current economic environment on forecasting credit losses under ASC 326.

Applicability

  • All entities that apply the new credit impairment standard (ASC 326) 

Relevant dates

  • Effective immediately

Podcast contents

  • 01:20 – Forecasting challenges
  • 07:20 – Loan modifications
  • 10:20 – Troubled debt restructurings
  • 13:05 – Other modification issues
  • 16:50 – Disclosure reminders
  • 21:30 – Year-end suggestions