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A Practical CECL Transition: Preparing with Only a Year Left

Presenter: Garver Moore

As financial institutions plan for their respective deadlines to implement the current expected credit loss (CECL) model, some are deliberating on what they should do in their final year to get ready. ASU 2016-13 is effective for public entities for fiscal years beginning after Dec. 15, 2019.

Non-registrants and all other entities are required to issue financial statements using the CECL standard starting either 1 or 2 years later and will be closely observing the actions SEC filers are taking in 2019. The SEC requires its registrants to make certain disclosures ahead of CECL implementation, i.e. now. These include pertinent dates for adoption and a discussion of the impact unless it is unknown or unable to be estimated.

Join Garver Moore, Managing Director of Sageworks Advisory Services, who will guide the audience on what their transition structure should look like in their final year before implementation.

Join to learn about:

  • How to become compliant if just starting preparations
  • The items auditors/examiners will be looking for as effective dates get closer
  • What to expect on day one of the transition

 

About the Presenter