Committees : Audit

article | May 18th, 2020

Common Themes in Banks’ Critical Audit Matters

Annual filings from certain banks revealed glimpses of the initial rollout of critical audit matters across the financial institutions space.

By: Kyle Owens, Mandi Simpson
article | May 15th, 2020

Coronavirus Considerations for Goodwill Impairment

As a result of the pandemic, financial institutions may find it challenging to determine whether a triggering event has occurred, resulting in the need for an impairment analysis.

By: Ashley Ensley, Amanda Sterwerf
BD Article
article | April 13th, 2020

Loan Modification Rules Suspended in Race to Minimize Pandemic Losses

How banks should account for and record the modified loans of borrowers impacted by the new coronavirus has become an increasingly urgent issue.

By: Kiah Lau Haslett, managing editor for Bank Director
article | April 7th, 2020

CECL Delay Opens Window for Risk Improvements

CECL implementation is a chance for banks to improve their risk assessment and mitigation strategies and grow business while balancing risk and return.

By: Will Newcomer
BD Article
article | March 27th, 2020

Coronavirus Sparks CECL Uncertainty

CECL could put pressure on bank allowances in its first full quarter, but proposed relief from Congress creates uncertainty for the standard itself.

By: Kiah Lau Haslett, managing editor for Bank Director
article | March 9th, 2020

A Fresh Look At Derivatives Under New Hedging Rules

Banks should consider whether derivatives should play a larger role in risk management, following changes in hedge accounting rules.

By: Chris Moore
article | 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 | 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 | 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 | 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