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CECL next steps: parallel runs and model validations

Understanding the ins and outs of CECL implementation

In response to the CECL adoption requirements mandated for Jan. 1, 2023, many banks have already chosen which CECL method is right for their institution. To gain confidence in your choice, our Value Architects™ are working to help you navigate your CECL model validation needs which are often extensive and intimidating.

Join us for the final webinar in our CECL series where Baker Tilly’s Ivan Cilik and Sean Statz will discuss best practices for CECL model validations so your organization can feel assured in your results, stress testing and appropriate level of documentation.

Learning objectives:
  • Regulatory expectations for CECL model validations
  • Key segments of CECL processes that should be validated
  • Dos and don’ts of a value-added model validation
  • Benefits of a replication approach to a model validation
  • Parallel runs and stress-testing
  • Importance of validating your model prior to implementation
When:
  • Jan. 20, 2021
Speakers:
  • Ivan Cilik, Partner
  • Sean Statz, Senior Manager
Who should attend:
  • Chief financial officers, chief lending officers, chief risk officers, director of internal audit, risk management professionals

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.

Level: Overview

CPE credit: One (1) hour total credit

Field of study: Specialized knowledge (SK)

A certificate of completion will be emailed to you four to six weeks after the event.

For more information regarding administrative policies such as complaint and refund, please contact our offices at +1 (608) 240 2522.

CPE sponsors

Baker Tilly US, LLP is registered with the National Association of State Boards of Accountancy (NASBA) 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: learningmarket.org.

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