CliftonLarsonAllen | 1 CPE | Important Considerations for CECL Model Validation
Whether you are running an in-house developed CECL model or have partnered with a third-party provider, there will be ongoing model risk management aspects to take into consideration. Typically, institutions will want to validate their CECL model during the year of adoption. Our goal is to walk you through what a CECL model validation entails, what your auditors and regulators may expect, and provide our insight on successful validations.
At the end of this session, you will be able to:
- Recognize the CECL model validation expectations by regulators and auditors
- Identify how to prepare for your institution’s CECL model validation