This session will provide an update on the status of CECL, and the evolving best practices related to the implementation, integration and internal control being utilized to achieve a proper transition from current GAAP to the new standard.
You will receive critical information related to:
The necessary team members that need to be involved; impact in your internal controls; critical elements when using a third party; and how to discuss the new model with your auditors.
1) Achieve a better understanding of the various methodologies in place under the new guidance
2) Achieve a better understanding of how the new CECL model can impact your ICFR environment for SOX purposes