Supporting Documentation for the ALLL

Supporting Documentation for the ALLL
Supporting Documentation for the ALLL

CBAI is pleased to offer a webinar titled “Supporting Documentation for the ALLL” to be held Thursday, June 10, 2021 from 2 – 3:30 p.m. This informative session is best suited for those involved with the ALLL calculation and presentation to the board. Credit personnel not directly involved with the ALLL calculation but who contribute to various components also benefit, including collection and workout management, valuation management and portfolio management. The Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions dated July 2, 2001, remains the preeminent guide to ALLL documentation. Documenting the ALLL calculation is a crucial component to communicating management’s judgments and conclusions regarding the accuracy of the required ALLL reserve. Building a strong narrative document as a companion to the current ALLL determination provides the reader (director, auditor, and examiner) with confidence in management’s ALLL calculation and provides a strong starting point as the industry transitions into CECL.

This comprehensive presentation addresses documenting management judgments and assumptions in determining the ALLL and provides insight into components of ASC 310 and ASC 450. Related topics include documenting management judgment pertaining to valuation timing for impaired credits, defining homogenous pools based on credit risk, and describing qualitative factors, including factor adjustments.

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Once online registration closes, please call CBAI at 800/736-2224 to register for this event.

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