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ALLL Supporting Documentation: Current Rules & Future Expectations Under CECL

This webinar will link the current expectations for documenting the allowance model with new CECL documentation considerations.

Jul 01, 2019 02:00 PM   -­­  Jul 01, 2019 03:30 PM
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Type of Event
Webinar

Who Should Attend
  • Webinars
  • Finance

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Description

As the required implementation of the current expected credit losses (CECL) model draws near, many institutions are focused on the mechanics of building a satisfactory model – a critical first step in meeting regulatory expectations. In addition to model development, management will need to determine satisfactory supporting documentation that is “reasonable and supportable.” Defensible documentation must be developed in support of assumptions and variables used or considered for both the qualitative and quantitative elements of your CECL model. Since the CECL model will differ from the former incurred-loss model, management has an opportunity to overhaul the process for documenting the allowance methodology. This webinar will link the current expectations for documenting the allowance model with new CECL documentation considerations.

Learning Objectives

  • Overview of current ALLL documentation expectations
    • Includes weaknesses identified in methodology statements and narratives based on today’s expectations and the need to correct them as the CECL deadline approaches
  • The evolution of “reasonable and supportable” documentation
  • Three important groups that will use your CECL supporting documentation and their expectations
  • Supporting documentation differences between the current ALLL rules and new CECL expectations
  • Policies, processes, and controls changes from an incurred-loss model to the CECL model

Speaker

Aaron Lewis, Young & Associates, Inc.

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.