Committees : Audit

article | Audit January 13th, 2020

What Boards Need to Know to Validate CECL Models

Bank boards need to understand a key step in the rollout and ongoing compliance for the new credit loss standard: model validation.

By: Michael Budinger, Dave Keever
BD Article
article | Audit December 18th, 2019

Forecasting the Future in a ‘Reasonable and Supportable’ Way

The requirement to create a “reasonable and supportable” future forecast has become another hurdle for community bankers as they implement CECL.

By: Kiah Lau Haslett, managing editor for Bank Director
article | Audit December 16th, 2019

New Effective Dates for Major Accounting Standards Following FASB Vote

The accounting board has delayed major standards for small firms, but they will need to ensure their new effective dates.

By: Michael Davis
BD Article
article | Audit September 20th, 2019

Three Bankers Share Downsides of CECL Vendors

At a recent accounting conference, a trio of bankers expounded on some of the lessons they’ve learned from working with a vendor to calculate their allowances under the current expected credit loss model, or CECL.

By: Kiah Lau Haslett, managing editor for Bank Director
article | Audit July 23rd, 2019

Evolving Considerations in the CECL Countdown

Bankers need to keep in mind some key considerations as CECL’s effective date rapidly approaches.

By: Katie Wilson
BD Article
article | Audit June 14th, 2019

The Most Effective Bank Directors Share These Two Qualities

There is no magic formula for being an effective bank director, but there are two traits that the best tend to exhibit.

By: Kiah Lau Haslett, managing editor for Bank Director
BD Article
article | Audit June 7th, 2019

An Easy Way to Lose Sight of Critical Risks

The noise of the digital revolution threatens to drown out the fundamental risks of banking. How do the best banks keep their focus?

By: Al Dominick, CEO of Bank Director and FinXTech
BD Article
article | Audit April 26th, 2019

Here’s How to Address CECL’s Biggest Question

A debate is raging across the banking industry as to whether the new loan loss accounting standard will lessen or worsen a recession, and what banks can do about it.

By: Kiah Lau Haslett, managing editor for Bank Director
article | Audit November 13th, 2018

Six Things To Know About CECL Right Now

Even ahead of full implementation, several lessons have been learned about the new credit loss standards.

By: John Lankenau
article | Audit July 30th, 2018

What’s The Same – And What’s Not – In Assessing Credit Quality

ALLL and CECL are very different, and in some ways very similar.

By: David Ruffin