The KPMG Global Credit Loss Accounting Solution (gCLAS) is a powerful software application designed to help financial institutions cut through the complexity of IFRS 9 compliance by automating expected credit loss modeling, accounting and reporting functions for the measurement and recognition of asset impairment. We designed KPMG gCLAS from the outset to address both IFRS 9 and the proposed FASB ASC 825-15 (“Current Expected Credit Loss” or “CECL”) requirements and we will update the software as necessary when the US CECL Impairment Model is finalized. To learn more about KPMG gCLAS, please visit the KPMG IFRS 9 Impairment Readiness Centre: gclas.kpmg.com
