Maximizing the value of a CECL model validation

Participants of the free live webinar will be eligible for 1 CPE credit.

Register

Current Expected Credit Losses (CECL) models generally represent high risk compared to lending institutions’ other models. Not only does the CECL estimate go directly into an entity’s financial statement, but it’s likely going to be subject to audit and regulatory review.

A model validation can help you to check all your CECL boxes, while also preparing for future regulatory requirements. It provides valuable insights related to most sensitive inputs and assumptions while stress testing different scenarios to help evaluate potential outcomes.

For those who have already had a validation completed on their CECL model, ensure you are getting the most out of your validation and tie up the loose ends. Double checking assumptions, focusing on stress testing and back testing, while also preparing for regulator exams.

Join our Nov. 1 webinar where CECL specialists Ivan Cilik and Sean Statz are going to focus on the information your organization needs through CECL model validation lessons learned, such as:

• Reviewing the components of an effective model validation
• Understanding qualitative factors
• Focusing on model methodology and data development through an auditing lens
• Ensuring policies and procedures are complete and cover all major aspects of CECL

Information about CPE eligibility 

There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar. A certificate of completion will be emailed to you four to six weeks after the event.

Level: Overview

CPE credit: One (1) hour total credit

Field of study: Specialized Knowledge

For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.

Baker Tilly is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.