Data Gap Analysis and Current State Assessment

How will you get to where you are going if you don’t know where you are? CECL broadens the range of data that must be considered in the estimate of life-of-loan credit losses. Compliance with the CECL standard also includes leveraging the incurred loss allowance processes, procedures and policies. In this session, we will explore and discuss the type and quality of data fields required for CECL and the number of years of historical data needed (both internal and external) to document the expected collectability of loans. We will also discuss steps which will allow you to identify and analyze your current allowance for possible inclusion in CECL implementation.


Garry Rank | Senior Advisor | MST

During Garry’s career with a top 30 regional accounting firm, he specialized in corporate financial auditing, accounting and financial reporting as well as consultation regarding governance, financial systems and internal controls. With more than 36 years of experience, his industry concentration in financial services included Securities and Exchange Commission (SEC) reporting and regulatory compliance. Additional professional experience included the management of complex engagements, mergers and acquisitions, and projects involving subsidiary companies. As an MST Advisor, he is focused on assisting financial institutions as they transition to CECL.