Are You Prepared for CECL? 5 Common Pitfalls Companies Face

January 1, 2023, marked the date of CECL adoption for public smaller reporting companies and private companies that did not previously adopt CECL early. If you haven’t adopted CECL and are preparing to assess its impact, there are ways to ensure you are set up for success.

Centri’s Blake Roberts, Partner & Technical Accounting Practice Leader, describes the 5 common pitfalls companies face with the adoption of CECL.

Blake Roberts

Partner | Technical Accounting Practice Leader | CPA

Blake is a Partner at Centri Business Consulting and the leader of the firm’s Technical Accounting Practice. He has more than 18 years of public accounting experience. View Blake Roberts's Full Bio

About Centri Business Consulting, LLC

Centri Business Consulting provides the highest quality advisory consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. Centri specializes in financial reportinginternal controlstechnical accounting researchvaluationmergers & acquisitions, and tax, CFO and HR advisory services for companies of various sizes and industries. From complex technical accounting transactions to monthly financial reporting, our professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.

Centri’s Capital Conference

The Centri Capital Conference is a one-day event held at Nasdaq on April 22, 2025. This platform will connect investors with executives from presenting companies in various emerging and rapid-growth sectors, including disruptive technologylife scienceshealthcare, and more. The conference will feature industry panels, dynamic speakers, and networking opportunities and will give growth-oriented private and public companies a place to showcase their innovations.

For more details, contact us at capitalconference@centristage.wpengine.com.

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