Aug. 24: Current Expected Credit Losses (CECL) Updates

Current Expected Credit Losses (CECL) is designed to reduce volatility for banks and deliver predictable and consistent returns for investors. With the variation of adoption dates, some as early as 2020 and others just beginning in January of 2023, there have been lessons learned along the way.

Join MBA Education and industry experts for a exploration into valuable CECL insights. Panelists will review the background and scope of the CECL standard, what to expect with current updates and transition adjustments. Experts will address the New ASU 2022-02 and audit factors to consider for your organization. This webinar will highlight lessons learned from early CECL adopters and considerations when adopting the standard such as resource allocation, software, model validation, assumptions, segmentation, ICFR and disclosure. Participants will learn more about the impact on investment securities in light of the current climate and recent bank failures. Panelists will also address some of the most frequent questions received on the accounting standard update.

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Date/Time

Thursday, August 24 (2:00 PM – 3:00 PM ET)

Objectives

Overview of the accounting standard and what to expect from new updates

Discuss transitions adjustments, New ASU 2022-02 and audit considerations

Summarize best practices from early adopters and considerations during the adoption process

Analyze investment considerations amid recent bank failures

Experience Level

Entry Level

Target Audience

Commercial and Multifamily Real Estate Members

IMBs

Depositories

Speakers

Chris Hughes, Senior Manager, Moss Adams

Anthony Porter, Partner, Moss Adams Daniel Lee, Senior Manager, Moss Adams