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CECL Preparation On-Demand Webinar

Apr 26 11:00 AM - Apr 26, 2022 12:00 PM
Apr 26, 2022 11:00 AM - 12:00 PM
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The date for credit unions to adopt the current effective credit loss (CECL) method in estimating the allowance for loan losses is coming fast. CECL is the Financial Accounting Standards Board’s (FASB) new accounting standard that will change how financials account for the expected credit losses. Although the date has been extended to 2023 the CECL model still requires much preparation and planning. This session will provide information for internal auditors to assess their credit union’s preparation and identify items that should be completed prior to the adoption of CECL. There is time allotted to address your questions. 

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Meeting Recording
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Tanya Medgaarden, CPA 

Tanya is a principal in the financial institutions group of CLA, specializing in credit unions. Her experience includes audit and supervisory/audit committee agreed-upon procedures engagements, GAAP and GAAS issues related to credit unions, supervisory/audit committee issues, ACH audits, review and evaluation of internal audit functions and tax returns and issues for credit unions. Tanya also coordinates ongoing technical updates to our audit binder and financial statement templates. She has made numerous presentations to credit union boards, supervisory/audit committees and management on a variety of accounting and credit union issues. 

Jonathan Markort  

Jonathan re-joined CLA in 2016 as professional in the financial institutions industry. He brings more than 15 years of public accounting and industry experience, most recently performing interest rate risk modeling, investment portfolio analytics, and balance sheet management for a mid-sized regional financial institution. Jonathan devotes 100 percent of his time serving financial institutions with varying levels of complexity, with asset sizes ranging from $25 million to more than $5 billion. He focuses on certified audits, agreed upon procedures, internal audits, asset/liability management reviews, and other consulting services. 




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On-Demand Webinar

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