Auditors Role in CECL Compliance

Duration: 60 Minutes
In this webinar participants will learn what Internal Audit can or cannot do and how the internal auditors can assist in ensuring that CECL processes are robust and complaint with regulator expectations. Attendees will also learn the best ways to leverage an internal audit department as the organization becomes CECL compliant.
CECL Compliance
Instructor: Daniel Clark
Product ID: 504783
Objectives of the Presentation
  • Gain an understanding of the new requirements under CECL
  • How you can prepare to meet expectations
  • The things that Internal Audit can do today to assist their organizations in meeting deadlines
  • The things that Internal Audit should not get involved with today
  • What regulators will expect to see in managing CECL requirements
Why Should you Attend
With all the attention placed on CECL, it is important that organizations utilize all resources available to them. Also, Internal Audit is in a unique position to help the organization develop and implement CECL processes.

This webinar provides both parties with real time ideas on how the Internal Audit department can provide consultative expertise during development and then independent testing during implementation, thereby assuring management that CECL controls are sustainable and effective.

To better understand CECL requirements and how the internal audit department can support management’s efforts in complying with those requirements. Internal Audit should not come in after the fact and state that the process implemented was wrong, rather Internal Audit should be part of the process to counsel with management on what controls should be implemented, provide independent assessment of control design and effectiveness and once implemented, test controls to ensure sustainability.

Areas Covered
  • CECL requirements
  • Current Status of CECL Implementation
  • Audit testing possibilities
  • Consultative opportunities
  • CECL Process enhancements
  • Reporting
Who will Benefit
  • Auditors
  • Audit Managers
  • Audit Leaders
  • Risk Managers
  • Model Risk staff
  • Compliance officers
  • Business executives
  • External auditors
  • Consultants
Topic Background
New guidelines provided by accounting standards and supported by banking regulators impact all financial service businesses that grant credit. The new guidelines are flexible and concrete guidance from regulators has not yet been communicated. This leaves it up to management to implement processes that meet the new standard. This webinar will provide insights to help in that effort.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Daniel Clark has over 25 years of experience in risk management and auditing. He has served in many senior auditing/risk roles culminating as chief auditor for midsize and large regional and global financial organizations. Mr. Clark has in-depth knowledge on how to integrate diverse processes into a seamless risk based audit approach that keeps audit on the cutting edge of development and value impact. His insights into the audit and risk world translate into meaningful guidance through a communication style that is fun, animated, and very participative. Mr. Clark has trained auditors and other business leaders for over five years.
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