Managing Spreadsheet Risk in CECL Reporting

A CECL management framework will be closely scrutinized by both auditors and regulators who will want to see evidence of the management controls and data governance, to assure the transparency and accuracy of the results. 

Institutions will need to consider how best to achieve this, as part of delivering a complex and challenging CECL implementation project. The scale, scope and timescales involved in implementing a CECL reporting project mean that spreadsheets are likely to figure significantly in CECL projects.

This white paper outlines the challenges involved in implementing CECL, proposes a best practice approach to managing spreadsheet risk in CECL, and highlights some of the functionality such a solution might need to deliver CECL accurately on time and on budget.