Thank you to those who were able to attend the Financial Services Group CECL webinar on September 14th. We hope you found the information valuable and educational. Please note, for those eligible for CPE, certificates will…
Thank you to those who were able to attend the Financial Services Group Credit Risk Services webinar on August 17th. We hope you found the information valuable and educational. Please note, for those eligible for CPE,…
Thank you to those who were able to attend the Financial Services Group BSA & Regulatory Compliance webinar on July 13th. We hope you found the information valuable and educational. Please note, for those eligible for…
Thank you to those who were able to attend the 2nd Quarter Update webinar on June 29th. We hope you found the information valuable and educational. Please note, for those eligible for CPE, certificates will be…
In this edition of our quarterly accounting and reporting update, we have highlighted the regulatory focus on third-party risk management and common CECL findings identified during model validations and audit procedures. In addition to the…
Our Financial Services Team discussed validations vs. internal audits, common findings from post-implementation validations, considerations for back testing and stress testing as well as preparing for your December 31, 2023 financial statement audit. Please enjoy…
Executive Management asked Elliott Davis to help answer: “Can you help us align our processes and technology, specifically our 3rd party collection processes, with federal regulations?” Context Financial Institution with over $10B in assets Rapid…
by Alek Bevensee Fifteen years after the financial crisis that led to its creation and six and a half years since the issuance of ASU 2016-13, the implementation date for current expected credit loss methodology…
Thank you to those who were able to attend the 1st Quarter Update webinar on April 6th. We hope you found the information valuable and educational. Please note, for those eligible for CPE, certificates will be…
Example CECL Disclosures Please read this important document which includes example disclosures as required by ASU 2016-13 Financial Instruments – Credit Losses (Topic 326):Measurement of Credit Losses on Financial Instruments (ASC 326) for institutions adopting…
From the adoption of CECL on January 1, 2023 (for most community banks) to a chaotic few weeks involving bank failures and a winddown, the first quarter of 2023 was nothing short of exciting. In…
On December 8th, our Elliott Davis financial services team members and friends of the firm shared insights on regulatory hot topics, CECL from an auditor’s perspective, fintech investments and partnerships, and how to handle today’s…
