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CECL & ACL Audit Readiness
Readiness Assessment

Free Self-Assessment

CECL & ACL Readiness Assessment

8 questions across the areas examiners scrutinize most. Your results appear immediately below — no email required to see them.

Assessment Questions

1. Governance & Ownership

Who is primarily responsible for CECL implementation in your institution?

No one has been formally assignedIt's been discussed but not assignedA team has been assigned, but no procedures or backupA defined team with written procedures but no backupFully implemented governance structure

2. Data Collection & Quality

How would you describe your loan data availability and accuracy for CECL modeling?

Incomplete or inconsistentSome historical data, but gaps existMostly complete, needs cleanupComprehensive and regularly validatedFully documented and audit-ready

3. Methodology Selection

Have you determined which CECL estimation methodology best fits your portfolio?

Haven't explored methodologies or looking to switch modelsReviewing options but undecidedNarrowed to one or two possible modelsSelected and testing a modelImplemented and validated model

4. Model Validation & Documentation

How confident are you in your documentation and validation process for your CECL model?

No documentation yetDrafted basic documentationPartial documentation with some validationFully documented with testing in progressThoroughly documented and independently validated

5. Reporting & Audit Readiness

How ready are you to produce CECL-compliant reports and disclosures for auditors or regulators?

Not startedReporting templates in developmentWorking on preliminary reportingPilot reports being testedFully compliant, audit-ready reports

6. Technology & Tools

What best describes your technology or software solution for CECL?

None — still using spreadsheetsEvaluating vendors or internal optionsImplementing selected softwareFully implemented but optimizingRobust, automated CECL system integrated with core

7. Training & Awareness

How familiar is your team with CECL requirements and implications?

Not familiarBasic awarenessSome training completedWell-trained with ongoing updatesDeep expertise across all departments

8. Parallel Run & Testing

Have you conducted a parallel run comparing incurred loss and CECL results?

Not yet startedPlanned but not executedInitial test run completed but need help interpretingParallel testing in progressMultiple successful runs with results analyzed

Your Result

Download the CECL & ACL Audit Readiness Guide (PDF)

Get These Results Reviewed

Share your contact info and a senior consultant will follow up to walk through your results and next steps — no obligation.

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