About the Webinar
This session will review the key data requirements under CECL as well as concepts to audit the historical data totals, calculations within the model such as prepayments, and internal controls over data. Participants will gain an understanding of:
- Amortized cost basis by pool
- Data exceptions and errors
- Data pooling historically and currently
- How data quality will create volatility and materiality issues
- Credit quality factors and the effects on models and monitoring credit risk
- Life cycle accumulated data including PD and LGD
- Prepayment calculations and charge offs for models as well as controls over adjusting data before forecasts
- Additional audit procedures for third party data
- Purchased Credit Deteriorated determinations and calculations
This session is recommended for internal accountants, external auditors, and regulators.