Note: “Q&A with … “ is a recurring series with CrossCountry Consulting leadership.

As banks and other financial institutions are crossing the finish line to comply with the CECL accounting standard, many companies are finding it difficult to interpret their results. Even for..

As the impact of CECL begins to emerge, financial services firms have dominated headlines. Companies outside of this realm have taken varied approaches, and many have concluded that CECL will not..

While the new revenue standard is “old news” for the majority of public companies, spring of 2020 will be the first time most private companies close their 2019 books and report under ASC 606...

For most entities, there is significant complexity involved in the preparation of carve-out financial statements. Because transactions requiring these statements occur infrequently, they often..

Recently, we presented at the AICPA National Banking and Financial Institutions Conference on leveraging automation and analytics to enable financial strategy. Three key takeaways stood out:

We’ve been hearing plenty about Current Expected Credit Loss (CECL) over the past several years, with most discussions and perspectives focusing on its impact to financial services organizations...

FASB’s proposed extension for qualifying entities has provided some relief to those impacted by ASC 326 or Current Expected Credit Loss (CECL). Those still concentrating on the January 1, 2020..

Did you say delay?

Yes.  The FASB has proposed a delay in the effective date for several major accounting standards (Hedge Accounting, Lease Accounting, CECL and Insurance Accounting).  This delay..

(Bloomberg Tax) - Public companies limped across the finish line to revamp their lease accounting earlier this year, but the hard work isn’t over yet.

The dynamic and evolving world of mergers and acquisitions (M&A) offers companies opportunities to:

CECL has been billed as the most profound accounting change to ever hit the financial services industry.  CECL impacts virtually every regulated and non-regulated Financial Institution (FI) in the..

Our CECL blog series has covered topics large and small. Today we take a step back and review one of the CECL “basics.”

Many stakeholders wonder why the CECL model requires an entity to recognize a credit loss for a financial asset that was just purchased at fair value.