KPMG is recognized for working with SAS to help customers improve
business performance and turn risk and compliance requirements into opportunities.
KPMG LLP, the audit, tax and advisory firm, announced today it has been named the Regional Partner of the Year by SAS for the U.S. The award is in recognition of its collaboration with SAS, a leader in analytics, helping banks transition to a new accounting standard – current expected credit loss (CECL) – which will drastically change how financial institutions estimate, reserve and report on losses.
Said Ed Bayer, Risk Analytics Advisory managing director at KPMG LLP, “SAS’s recognition of the work we have done for clients in a short time underscores the success of the KPMG and SAS alliance. Using the multidisciplinary approach we have to CECL and IFRS 9 adoption, we together can provide services related to accounting and regulatory change as well as the broader risk management and financial data environment.”
After KPMG and SAS announced their formal alliance less than a year ago, KPMG has been working with SAS to help organizations address the challenges and opportunities around a number of risk and regulatory standards. KPMG and SAS are providing clients CECL and IFRS 9 offerings that combine the capabilities and resources of two market-leading providers: KPMG with enablement services including in-depth accounting, finance, tax, modeling and risk specialization, and SAS with a dedicated expected credit loss software platform, to deliver industry-leading services and technology to help banks navigate the new guidelines.
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