As CECL is being implemented, institutions should assemble documentation required to support key assumptions and decision points in the estimate of expected credit losses. While thorough and complete documentation will require significant time and effort to produce, it will create value and save time during senior management, board, regulator, and auditor reviews. This webinar will walk you through CECL documentation and share its benefits.
Upon completion of this program, participants will be able to:
- Identify what CECL documentation will be used for and why it's important
- Describe the key elements to include in CECL documentation
- Explain how CECL implementation should be documented and how it relates to the accounting standard