Let's face it, with CECL implementation dates approaching, there are still many unanswered questions. That's why the regulators published a revised FAQ document. However, even with the regulator's guidance, the process for developing an allowance for credit losses estimate is still not well defined. In fact, the regulators state that the process is up to each institution if it documents how it arrived at its estimate so examiners can review the adequacy of the estimation process. So, examiner scrutiny will continue under CECL just like under the incurred loss method.
The main difference that examiners will look for is documentation of the impact of including reasonable and supportable forecasts. The inclusion of forecasts in the estimation process has led some institutions to consider how they can reuse stress testing data as substitutes for economic forecasts. Others have questioned whether forecasts will replace the need for qualitative adjustment factors.
Questions about forecasts and other estimation issues could make preparing for future examinations more difficult unless there is some practical guidance on the steps to follow when preparing an allowance for credit losses (ACL) estimate. That's why this webinar is focused on providing attendees with an example of the step-by-step process that institutions can follow when preparing their ACL under CECL. This approach, if properly documented, could serve as a template for institutions to follow when testing to see if they are ready for implementing CECL. Please join our expert, Gary Deutsch, CPA MBA, as he discusses the step-by-step process for preparing an ACL under CECL.
WHAT YOU WILL LEARN
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Gary Deutsch
Gary Deutsch, president, BRT Publications LLC. is a licensed CPA in Maryland and has a B.A. in accounting and an MBA in finance from Loyola University Maryland. He has also achieved the Certified Management Accountant, Certified Internal Auditor and Certified Bank Auditor designations. Mr. Deutsch is the founder and president of BRT Publications LLC.
Mr. Deutsch has trained thousands of financial institution professionals in all aspects of risk management and has written numerous books in the U.S. and Europe on topics such as credit risk, internal audit and compliance with Generally Accepted Accounting Principles. Mr. Deutsch has extensive risk management and internal audit experience through his association with financial institutions of all sizes as well as through his role leading the KPMG financial institution consulting practice in the Mid-Atlantic region.
Who Should Attend?
CFOs, controllers, financial officers, credit risk officers, loan review, senior lending officers, loan administration, loan officers, internal auditors, audit committee members, anyone involved with enterprise risk management
Credits: Live webinar approved for 1.5 CPE credits
Field of Study: Management Services
Prerequisites: Basic Knowledge
Advanced Preparation: None
Delivery Method: Group Internet Based
Certificates of Attendance: BankersWeb certificates of attendance are available to all registered participants completing this webinar.
CareerLearning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
BankersWeb, a division of CareerLearning, wants you to be satisfied with your webinar purchase. If this webinar does not meet your expectations, please email us at [email protected]
