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CECL consulting

Adopt and manage CECL with confidence

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CECL adoption is required. Struggling to adopt isn't.

BerryDunn works with financial institutions and financial service providers to achieve a fully compliant Current Expected Credit Loss (CECL) adoption, one that is a good fit both operationally and strategically. From assessing, testing, validating, and documenting a methodology to adopting reasonable governance, controls, reporting, and model risk management practices, our experienced team provides practical and timely guidance when and where you need it most.


Our team of dedicated CECL experts works with you to produce a robust program that works for your organization and sets you up for continued CECL success.

CECL adoption support

Transitioning to CECL goes well beyond choosing model software. Our experienced team can help you balance decisions and trade-offs you’ll need to make and document as part of your CECL implementation, including support for Q factors (qualitative adjustments).

Methods and Q factors
We help institutions assess their options and their methodology as a whole, identify gaps, and support qualitative adjustments.
Model risk, governance, and controls
We help you identify, address, and document model risk, and develop a sustainable governance and control framework.

CECL reporting, disclosure, and documentation

Getting through CECL is complicated and deciding what to report, disclose, and memorialize can be overwhelming. Our experienced team can help you develop reports, disclosures, and legacy documents with your key stakeholders in mind.

Management and board reporting
We focus on developing effective senior management and board reporting and monitoring, including change management disclosures, metrics, thresholds, and benchmarking.
Disclosure guidance
We help guide reasonable and transparent financial disclosures.
Model document
We provide detailed guidance on creating and maintaining a legacy model document that can be leveraged to communicate key aspects of your implementation, revision history, and model details.

Benefits of CECL consulting services with BerryDunn

We understand that no two implementations are the same. Put our deep industry matter expertise to work for you. We customize the level of CECL service and support based on what’s right for you—and your institution.

CECL experience

Our team features former banking professionals, giving us extra insight into CECL requirements and strategies to meet those requirements.

Industry expertise

Using our industry knowledge, we bring clarity to the complex challenges and opportunities facing financial institutions to help you make better-informed financial decisions.

Customized solutions

We analyze the specifics of your operations and recommend proven solutions to meet your unique goals, needs, and preferences.

High-touch service

Our team brings specialized regulatory and financial accounting knowledge to our clients with a personal touch.

Continuous support

We focus on fostering strong client relationships and are responsive to your evolving needs.

How BerryDunn can help

Gain traction with our Financial Services Practice Group, leveraging the resources of the largest assurance, tax, and consulting firm headquartered in New England. We give you the confidence to prepare for CECL, and the experience to help you succeed.

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"Our bank engaged BerryDunn to validate our Current Expected Credit Loss ("CECL") model and perform consultative services. They reviewed our CECL calculation, model documentation, model governance, policies, and procedures. Their services involved a holistic review of our methodology. Their expertise surrounding the CECL standard, and the financial services industry was remarkable. Throughout the engagement, they were extremely responsive and offered great insight. They have been a huge asset to our Bank as we prepare for CECL adoption. We would love to work with them again in the future!"
Diana Taxiera
Vice President and Controller
BayCoast Bank
"BerryDunn's professional and knowledgeable team provided us with valuable advice and actionable insights to ensure a successful implementation. Engaging BerryDunn provided our team with a sense of assurance during this period of change. The team was very responsive and always available to answer any questions we had. We really enjoy working with BerryDunn!"
Jonathan Carlson​
Vice President and Controller
Northern Bank
"Our work with BerryDunn tangibly increased our comfort and confidence in our CECL model and put our team in a better position to manage our model moving forward. There are times when we need to rely on competent outside professionals to provide subject matter expertise, and a wider perspective. That is what we needed with our CECL project and that is exactly what we received. I would not hesitate to reach out to Susan and BerryDunn the next time we find ourselves in need of subject matter expertise."
Dan Stannard
Executive Vice President and Senior Lending Officer
Woodsville Guaranty Savings Bank
"We engaged BerryDunn to validate our CECL model using nCino's solution. They provided a wealth of knowledge and support during our engagement. We were able to go live with the new standard feeling much more prepared and confident in our calculation, policies, and documentation."
Stacey Ramirez, CPA
Community Resource Credit Union

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