This is an AICPA ENGAGE 2019 conference session rebroadcast. This session, presented by Barry Pelagatti, CPA, Partner of RKL LLP, provides an update on the status of Current Expected Credit Loss (CECL), and the evolving best practices related to the implementation, integration and internal control being utilized to achieve a proper transition from current GAAP to the new standard. You will receive critical information related to: • The necessary team members that need to be involved; • impact in your internal controls; • critical elements when using a third party; and • how to discuss the new model with your auditors.