CU2315. CECL Governance, Risks, Controls
Compliance with the new CECL rules is crucial for financial institutions, and failure to comply can result in earnings and capital mismanagement, audit and regulatory risk, and reputational damage. To ensure compliance, institutions need to develop a comprehensive CECL policy and maintain robust governance and control frameworks.
- Analyze an in-depth overview of the governance framework for CECL
- Identify the significant risks related to CECL control structures
- Calculate audit risks and day 2 concerns