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National Conference on Banks & Savings Institutions 2016


9 - Allowance for Loan & Lease Losses (ALLL): Current Documentation & Observations


Sep 21, 2016 3:30pm ‐ Sep 21, 2016 4:45pm

Standard: $49.00

Description

While the CECL model will change the ALLL, the earliest effective date is 2020, which means banks and thrifts still have at least four years of using current GAAP. While banks and thrifts are preparing for CECL, the focus on the current ALLL methodology, including robust documentation, should be maintained. In addition to exploring current trends, this session will cover qualitative adjustment factors and the relationships with other components of a typical ALLL computation model. The importance of documentation of the factors, their development and use will be explored.

Speaker(s):

  • Graham Dyer, CPA, Partner, Grant Thornton LLP
  • Sydney S. Menefee, CPA, Deputy Comptroller and Chief Accountant, Office of the Comptroller of the Currency

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