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.
WHY SHOULD YOU ATTEND
The best way to become ready for full CECL automation is to fully understand the requirements of CECL and to leverage an internal audit department. Participants will learn what IA can or cannot do and how the internal auditors can assist in ensuring that CECL processes are robust and complaint with regulator expectations assuring easy automation.
To better understand CECL requirements and how the internal audit department can support management’s efforts in complying with those requirements. IA should not come in after the fact and state that the process implemented was wrong, rather IA 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. This webinar will help participants excel in those areas.
WHO WILL BENEFIT
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