Webinar: CECL: What Auditors & Regulators Will Expect

May 24, 2023 3:00 pm - 4:30 pm

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

Speaker: Stephen J.M. Schiltz, CLA

Steve Schiltz is 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 Certified Public Accountant (CPA) Arizona and Texas, Steve is a member of the Association of International Certified Professional Accountants (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.

Steve has produced and presented expert content for Credit Union Webinar Network since 2020 and has presented to hundreds of bankers nationwide. Want more from Steve? His library of upcoming and on-demand training webinars is below.

Speaker: Dean Rohne, CLA

Dean Rohne is a principal with CLA, specializing in credit unions. He is a graduate of Winona State University, where he majored in accounting. A CPA and certified internal auditor, Dean has 20 years’ experience providing audit, internal audit, and consulting services to credit unions. 

He has provided consulting on business lending, bond claim preparation, product costing and profitability, and asset/liability management. Dean is a frequent speaker at local and national conferences on topics that include Supervisory Committee responsibilities, internal controls, and accounting-related topics.

Register Here
Professional Development Grant Opportunities