Understanding audit and regulatory expectations for CECL
Tuesday, January 23, 2024
2:00 PM ET / 1:00 PM CT
2:00 PM ET / 1:00 PM CT
With 2023 behind us, CECL is now a reality for financial institutions across the country. The accounting standard announced back in 2016 introduced a big change to the way banks and credit unions calculate their allowance for credit losses (ACL).
In this webinar, members of the Abrigo Advisory Services team will share audit and regulatory expectations based on their work with financial institutions. Get ready for a discussion on topics including CECL documentation, economic scenarios, allowance levels, and ensuring you are set for your next exam.
You will learn:
- The most common audit and regulatory concerns around the allowance for credit losses (ACL)
- The documentation expectations based on request lists received by our clients
- Best practices for backtesting and ongoing monitoring for your CECL models
This live webinar is eligible for 1 CPE credit.
Meet Your Presenters
Shannon Morrison
Director, Advisory Services
Shannon Morrison is a Director on Abrigo’s Advisory Services team and uses her unique expertise and 20 years of banking experience in accounting and finance to help financial institutions develop strategies for navigating the nuances of CECL. Prior to working at Abrigo, Shannon spent time at a few different banks,
