Free Webinar on FASB CECL Model

money1More than a year has passed since the latest issuance of the Financial Accounting Standard Board’s (FASB) Current Expected Credit Loss (CECL) model.

As a result of the changes, many banks remain apprehensive about a potential 30 to 50 percent increase in reserve levels while wondering when final guidance will be issued. However, those who have interpreted the guidance are making preparations to minimize the potential increase.

CliftonLarsonAllen is presenting a webinar on Friday, Feb. 21 at 1:00 p.m. CT to discuss ways to prepare for the impairment model which will be based on expected – not incurred – losses, the potential need for up to 1,000 times more data, and how using alternative methods to comply, like peer data, will result in added risk and subjectivity. Click here for details.


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