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FRV podcast: Current expected credit losses (CECL)

12.11.2020 | Duration: 24:15

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

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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.

Handbook: Credit impairment
Latest edition: Our updated guide to CECL, with Q&As, interpretive guidance and examples.


  • 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

Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
Image of Mark Northan
Mark Northan
Partner, Dept. of Professional Practice, KPMG US

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