ICBA - Industry Resources - Payments Resource Center

Audio: A New Model for Computing ALLL (CD)

Recorded: May 15, 2013

Length: 60 Minutes

What does the latest FASB proposal mean for your bank?

The Financial Accounting Standards Board (FASB) released its latest proposal outlining how to measure credit losses. The proposal has the potential to drastically change the allowance for loan and lease losses for an institution. In this 60-minute audio conference, presenters Todd Sprang and Emily Scheevel from CliftonLarsonAllen, discuss the new Current Expected Credit Losses (CECL) model, how it works, and what it means for your institution. Learn how the FASB proposal abandons the "incurred loss" thresholds and attempts to capture "expected losses."


Todd A. Sprang, CPA; Partner, Financial Institutions Group
Todd Sprang is a partner in the firm's Oak Brook, Illinois office. Todd joined CliftonLarsonAllen in May 2010 from a large international accounting and consulting firm. He has more than ten years of partner-level experience performing audit and consulting services for a variety of clients in the financial services industry.

Emily Scheevel, CPA, CIA; Manager, Financial Institutions Group
Emily is involved in a variety of financial institution engagements including certified financial statement audits, directors' examinations, internal audit services, Sarbanes-Oxley documentation and other consulting engagements. Her emphasis lies in providing financial statement audits and internal audit control review and testing for community banks.

1 CPE Credit

Program Level: Basic-Intermediate

ICBA Member Price: $199.00
Non-Member Price: $299.00

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For more information, call 800-422-7285.