CECL: What Auditors & Regulators Will Expect

Auditing & Accounting Compliance Directors Senior Management

On-Demand Webinar:

StreamedMay 24, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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CECL has joined the ever-growing list of compliance acronyms.

But more importantly, this new accounting standard has profoundly altered how institutions estimate loan losses. It then follows that auditor and regulator expectations will be different, too. Now is the time to prepare!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Analyze the adoption of the Current Expected Credit Losses (CECL) accounting standard
Explain key points from the interagency policy statement on CECL
Evaluate qualitative factor adjustments
Document reasonable and supportable forecasts
Understand the model validation expectations
Prepare for your upcoming audit and examination

WEBINAR DETAILS

The new CECL accounting standard fundamentally changed the way that community financial institutions estimate loan losses and resulted in material equity adjustments for many. The evaluation of qualitative factors and reasonable and supportable forecasts has created some challenges. In addition, there are ongoing model risk management aspects to consider, including model validation. Now that CECL has been adopted, it’s important to start preparing for your next audit and examination. Are you ready?

WHO SHOULD ATTEND?

This informative session is designed for management, governance, and individuals involved in the CECL calculation.

TAKE-AWAY TOOLKIT

Website links to useful CECL resources
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.