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AICPA Conference on Credit Unions 2020


CU2005 - Member Business Lending


Oct 19, 2020 4:05pm ‐ Oct 19, 2020 5:20pm

Standard: $49.00

Description

After many years of “quiet times” in the commercial loan area, this year presents many challenges for Credit Unions as well as auditors entering the fourth quarter of 2020. In this year’s presentation we will address the 2020 current events and remind everyone the proper accounting for impaired loans. Finally, we will suggest some operational considerations given today’s environment. The following is a summary of the topics covered in this year’s presentation:

  • Regulatory findings in recent exams
  • COVID-19 modifications (“non-TDRs”)
  • Impairment accounting for non-homogeneous loans
  • Risk rating/ALLL methodology considerations
  • Internal loan reviews expectations

Learning Objectives:
  • Learn of recent regulatory observations related to member business loans.
  • Revisit impairment accounting for large non-homogeneous loans.
  • Consider risk rating and ALLL implications of COVID-19 related impact to member business loan portfolios.

Speaker(s):

Category: Concurrent Session (Online)

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