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Audit Expectations During the CECL Transition

The AICPA CECL auditing subgroup is meeting regularly to set industry-wide standards for how CECL will be approached from an audit and assurance perspective. Early takeaways from the group’s work have indicated a clear bias toward practices that produce a sound, defensible allowance for credit losses as well as model evaluation efforts that ensure internal controls and transparency.

The key takeaways that this webinar will walk through include:

  • Anchoring to Incurred notion results, which may be compounding inaccurate assumptions
  • Extending existing qualitative practices under new modeling approaches
  • Trading long-term pain to achieve short-term gain

This session will be specifically useful for Finance and Accounting executives in addition to Credit personnel.

Meet Your Presenters

Garver Moore

Vice President, Advisory Services
Garver Moore brings a decade of enterprise software, analytic, and advisory experience to Abrigo’s advisory team. Prior to joining Abrigo, Garver was  a Technical Consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a Managing Partner of the Orange Advisory Group. Today, as

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Neekis Hammond, CPA

Vice President, Advisory Services
Neekis Hammond has amassed a wealth of knowledge on ALLL, CECL preparation and methodologies, and various portfolio analysis and risk topics. Prior to his consulting work, he worked on acquisitions up to $2 billion in size at a multi-billion-dollar financial institution.

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