Current Expected Credit Losses

The new credit loss standard (CECL) requires companies to estimate expected credit losses on their financial instruments over the entire life of the asset. The standard impacts many areas of an organization beyond accounting and often presents more challenges than management teams anticipate. Riveron helps clients simplify the adoption process and create sustainable solutions. We provide more than just a set of recommendations — we become an extension of management to ensure your implementation is practical and tailored to your business’s ongoing needs.

Riveron’s practical approach ensures an efficient and successful implementation by assisting with:

• Impact assessment
• Project management
• Data abstraction
• Accounting policy and methodology development
• Financial statement disclosure preparation
• Business process design
• Internal controls development and testing
• Training and education
• Model development and validation