Using Spreadsheets To Implement CECL
Many institutions are still making their minds up about the systems, processes and technologies needed for CECL compliance. The challenge for those institutions looking to use spreadsheets as part of a CECL compliance framework is need to demonstrate the auditability and repeatability that are central to CECL. This webinar covers the audit risks of spreadsheets under CECL, a best practice approach to assuring full auditability of spreadsheets under CECL, and what a solution that assures this capability would feature.
At the conclusion of the webinar, participants will take away:
- An awareness of some of the risks that spreadsheets bring to the audit requirements of CECL.
- An understanding of the impact they can have on implementing CECL.
- How to address them, so that they can continue to use spreadsheets as part of their core business processes, while providing the level of control and auditability that CECL needs.