Adoption of CECL has altered how institutions estimate loan losses. Do you understand the changes? This program will explain key points from the interagency policy statement on allowances for credit losses (ACL) and set you up for audit and examination success by sharing common findings and best practices. The new CECL accounting standard fundamentally changed the way that community financial institutions estimate loan losses and resulted in material equity adjustments for many. Increasing delinquency and charge-off trends have compounded provisioning and profitability has suffered across the industry. The evaluation of qualitative factors and forecast adjustments has been challenging. In addition, there are ongoing model risk management aspects to consider, including model validation. Attend this insightful webinar to learn what auditors and regulators will expect.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Assess current credit quality trends and key CECL metrics
- Evaluate and document qualitative factors and forecast adjustments
- Understand the model validation expectations
- Avoid common findings and implement best practices
- Prepare for your upcoming audit and examination
TAKE-AWAY TOOLKIT
- Evaluation of nine qualitative factors template
- Useful website links to 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
WHO SHOULD ATTEND?
This informative session is designed for management, governance professionals, and individuals involved in the CECL calculation.
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.
MEET THE PRESENTER
Stephen J.M. Schiltz, CPA, CLA
Steve Schiltz is a principal with CLA’s Tucson office. He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to community financial institutions. Steve has made presentations to management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.
A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPAs, and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR 2. ON-DEMAND WEBINAR 3. BUNDLE & SAVE
- Unlimited live connections with shareable access within your institution
- Available to view on desktop, mobile & tablet devices
- Take-away toolkit
- Live Q&A session & the presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Unlimited and shareable access to the recording within your institution, starting two business days after the live date
- Available to view 24/7 on desktop, mobile & tablet devices
- Take-away toolkit
- Ability to download the webinar video and toolkit items
- Presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Save when you Bundle the Live + On-Demand Webinar Registration
- Includes all the items listed above
- Full registration descriptions can be found here
