FMS NY/NJ & NJBankers CFO Conference
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Date: Wednesday, April 20, 2022 | 8:30 AM - 2:30 PM
Venue: Sanzari’s New Bridge Inn,
105 Old New Bridge Road,
New Milford, NJ United States
Description: Join us at the FMS NY/NJ & NJBankers CFO Conference where attendees will gain new insights into the economic outlook, explore contemporary accounting topics, navigating cryptocurrency and hear hot-button issues first hand from a panel of experts.
Joseph Galdo, CPA, CAMS, CFE, CERP, Director & David Healey, Supervisor of Mercadien’s Financial Institutions Services Group will be presenting on Why You Should Validate Your CECL Model.
CECL standards are in effect for all institutions as of January 1, 2023, which is fast approaching. Are you ready? Is your model control framework and validation process up to par? An effective model control framework and validation process is crucial to your institution’s compliance and risk management functions. You cannot rely solely on an audit to challenge your model – a proper validation of your CECL model will challenge it in a multitude of ways to ensure it is functioning properly. During this presentation, we will review the CECL readiness and model validation process, as well as considerations and best practices relating to CECL.
We hope to see you there!
For more information or to register please visit https://www.fms-nynj.org/education-2022-chapter-events/event042022