Credit impairment reference card - Key questions for management to consider related to the use of third parties when determining the allowance for credit losses

6 Jun 2019 PDF
Subject AccountingLink
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Overview

Entities that engage third parties to help them make complex calculations to estimate lifetime expected credit losses when they implement the new guidance need to take responsibility for the estimates, including the appropriateness of methods and models used, the relevance and reliability of data, and the reasonableness of assumptions. Our reference card contains considerations for using, or planning to use, third parties.

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