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Supporting Documentation for the ALLL: Current Rules & Future Expectations Under CECL

Tuesday, September 19, 2017

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Examiners and auditors are concerned not just with an institution’s allowance level, but also with the adequacy of the process used to get to that level. Subpar or poorly documented processes or methodologies may not always be criticized in good times, but they leave a significant opening for criticism if the economy or an institution’s credit quality starts to turn. This webinar will focus on practical recommendations for effectively documenting your institution’s approach to estimating the allowance. It will review considerations that should be incorporated into an effective methodology, but the emphasis will be on how an institution can effectively support and document the approach it has determined most appropriate for its portfolio.

Examiners and auditors give little or no credit for things that are not well-documented. They are also more likely to be comfortable with an institution’s allowance level if there is evidence that a reliable and well-thought-out process is in place. This presentation will also address how an institution can effectively document the work it is doing to prepare for CECL and, ultimately, support its choices for CECL implementation.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • How your institution can effectively demonstrate that its allowance level is based on a "comprehensive, well-documented, and consistently applied analysis" of your portfolio
  • Developing an approach to documenting your overall allowance process that is both effective and efficient to update quarterly
  • What to include in the documentation of your institution's individual analysis of impaired loans (the ASC 310, formerly FAS 114, portion of the analysis)
  • How to support the subjective components of the allowance process – qualitative or environmental factors
  • What and how to document the work necessary over the next several years to prepare for CECL

  • TAKE-AWAY TOOLKIT
    • Written manual discussing the material covered in the presentation
    • Summary sheet with important accounting and regulatory references related to the ALLL, CECL, and related documentation expectations
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

RELATED WEBINAR STILL AVAILABLE!

"CECL Loss Estimation Methodologies:
Using Your Bank’s Data History to Create Workable Options"

Thursday, November 2, 2017

WHO SHOULD ATTEND?

This informative session will benefit CEOs, presidents, CFOs, chief credit officers, chief risk officers, senior lenders, credit and risk staff, and all involved in the ALLL process or in preparing for CECL.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER