5/24/2022 12:00 PM Eastern
5/24/2022 1:30 PM Eastern
In 2016, the Financial Accounting Standards Board issued the current expected credit losses (CECL) standard, which replaces the incurred methodology for estimating the allowance for loan and lease losses. While large public institutions adopted CECL in 2020 and 2021, smaller reporting companies, credit unions, and private institutions will be required to adopt CECL in 2023.
In this panel discussion, our specialists will answer questions about CECL adoption in real time, drawing from their deep expertise in the credit loss standard. Plus, you’ll have an opportunity to ask them specific questions near the end of the session. They'll also walk through successes, challenges, and best practices that can help you as you plan and execute your CECL adoption.
After participating in this session, attendees should be able to:
Individuals responsible for applying the CECL standard, including credit personnel at financial institutions; those responsible for model validation and review, including model risk managers, internal audit managers, and enterprise risk managers; and chief accounting officers, chief financial officers, chief operations officers, chief risk officers, and financial operations executives
Mandi Simpson, Partner, Accounting Advisory Leader
Mike Berti, Partner, Audit & Assurance
Ryan Michalik, Principal, Financial Services Consulting
Alex Campbell, Advisory (moderator)
Advance preparation: None
Program level: Overview
Field of study: Specialized knowledge
Delivery method: Webinar (group internet based)
This session is recommended for 1.5 hour of CPE credit.
Additional CPE information
There is no fee to participate in this event; therefore, there is no cancellation fee.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the presentation. Crowe is unable to grant CPE credit for groups viewing the webinar.