CECL Auditing Part 2: Forecasts and Calculations

October 10, 2019 | 2:00pm - 3:00pm ET

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About the Webinar

In this session, we'll discuss the importance of auditing forecasted calculations derived from historical data. We'll focus on how to audit forecast models as well as disclosure requirements.

Learn about:

  • Auditing the models underlying data and forecasts
  • What regression coefficients mean
  • How coefficients work into the forecast
  • Disclosure basics
  • Auditing model descriptions
  • Auditing changes in models and disclosures
  • Ways of validating the forecast

This session is recommended for internal accountants, external auditors, and regulators.

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About the Presenter

Mike UmscheidMike Umscheid, President & CEO, ARCSys

Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru,” Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board and a published author on Accounting and Auditing for Financial Institutions. Mike has spoken at numerous AICPA conferences as well as other national and local financial institution associations. Mr. Umscheid is also the author of the 8-hour CPE course published by the AICPA for CECL. Mike is currently the President and CEO of ARCSys, a consulting firm that specializes in Allowance for Credit Loss software and CECL. He graduated from Virginia Polytechnic Institute and State University in Blacksburg, Virginia.