FDIC, Fed to Host Community Bank Webinar on CECL Implementation
The FDIC and the Federal Reserve -- in conjunction with the Financial Accounting Standards Board, the Securities and Exchange Commission and the Conference of State Bank Supervisors -- will hold a free webinar on Feb. 27 examining how smaller, less-complex community banks can implement FASB's new Current Expected Credit Loss model for loan loss accounting.
The webinar will address loan loss rate methods that community banks can use, as well as related data considerations and controls. Participants are urged to invite representatives from both their internal audit units as well as their external auditors. Read more and register.