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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.
Resource
Handbook: Credit impairment
Latest edition: Our updated guide to the accounting, presentation and disclosures of CECL
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
Meet our team
Karen Silverman
Partner, Audit, KPMG LLP
Mark Northan
Partner, Dept. of Professional Practice, KPMG US
Karen Silverman
Partner, Audit, KPMG LLP
Mark Northan
Partner, Dept. of Professional Practice, KPMG US