In this webinar participants will learn what Internal Audit can or cannot do and how the internal auditors can assist in ensuring that CECL processes are robust and complaint with regulator expectations. Attendees will also learn the best ways to leverage an internal audit department as the organization becomes CECL compliant.
This webinar provides both parties with real time ideas on how the Internal Audit department can provide consultative expertise during development and then independent testing during implementation, thereby assuring management that CECL controls are sustainable and effective.
To better understand CECL requirements and how the internal audit department can support management’s efforts in complying with those requirements. Internal Audit should not come in after the fact and state that the process implemented was wrong, rather Internal Audit should be part of the process to counsel with management on what controls should be implemented, provide independent assessment of control design and effectiveness and once implemented, test controls to ensure sustainability.
Why Should You Attend:
With all the attention placed on CECL, it is important that organizations utilize all resources available to them. Also, Internal Audit is in a unique position to help the organization develop and implement CECL processes.This webinar provides both parties with real time ideas on how the Internal Audit department can provide consultative expertise during development and then independent testing during implementation, thereby assuring management that CECL controls are sustainable and effective.
To better understand CECL requirements and how the internal audit department can support management’s efforts in complying with those requirements. Internal Audit should not come in after the fact and state that the process implemented was wrong, rather Internal Audit should be part of the process to counsel with management on what controls should be implemented, provide independent assessment of control design and effectiveness and once implemented, test controls to ensure sustainability.
Areas Covered in the Webinar:
This webinar will help participants excel in those areas.- CECL requirements
- Current Status of CECL Implementation
- Audit testing possibilities
- Consultative opportunities
- CECL Process enhancements
- Reporting
Who Will Benefit:
- Auditors
- Audit Managers
- Audit Leaders
- Risk Managers
- Model Risk staff
- Compliance officers
- Business executives
- External auditors
- Consultants
Course Provider
Daniel Clark,
