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

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 the Managing Director of the Advisory Services Group, Garver collaborates with internal product specialists on our market offerings and helps clients develop strategies to better navigate federal regulations and optimize their institutions for growth. Garver earned his bachelor’s degree in electrical and computer engineering from Duke University.

Full Bio

Neekis Hammond, CPA

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.  Neekis has also served as an auditor with a regional CPA firm and as a provider of valuation, accounting, and loan analysis services within Elliott Davis Decosimo's FIG Consulting division. Today, as Abrigo’s Managing Director of Advisory Services, Neekis utilizes his unique expertise to provide thoughtful feedback to product development on compliance and accuracy, and he helps our community bank and credit union clients develop strategies that better navigate regulations without undue portfolio risk.  Neekis earned his bachelor’s degree in accounting from Brigham Young University - Idaho.

Full Bio

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