Nickolas Ireland, Managing Director, Baker Newman Noyes, to Speak at TKG’s Current Expected Credit Losses (CECL) Implementation: Tips and Strategies LIVE Webcast

Top Quote UPDATED:The Knowledge Group Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Nickolas Ireland, Managing Director, Baker Newman Noyes will speak at The Knowledge Group’s webcast entitled: “Current Expected Credit Losses (CECL) Implementation: Tips and Strategies LIVE Webcast.” This event is scheduled for September 26, 2018 from 1:00 PM-2:00 PM (ET) End Quote
  • New York, NY (1888PressRelease) July 25, 2018 - For further details, please visit:
    https://www.theknowledgegroup.org/webcasts/current-expected-credit-losses-cecl-implementation/

    About Nickolas Ireland
    Nick is a managing director in the audit practice at Baker Newman Noyes, specializing in providing audit services to banks, financial services institutions, and employee benefit plans. Nick leads the firm’s Current Expected Credit Loss (CECL) Task Force and is a frequent speaker and author on a variety of topics related to CECL. In 2017, Nick presented a CECL Update at the Massachusetts Bankers Association CFO Forum. He earned a bachelor’s degree, magna cum laude, in accounting with a minor in statistics from Plymouth State University.

    About Baker Newman Noyes
    Baker Newman Noyes (BNN) is one of the nation’s top 100 accounting and consulting firms with offices throughout New England in Maine, Massachusetts and New Hampshire. The firm provides expert accounting, auditing and tax services, as well as risk and business advisory and employee benefit plan services. The BNN banking practice works with commercial and savings banks, credit unions, trust companies, non-depository trust companies and registered investment advisors, and offers a dedicated Current Expected Credit Loss (CECL) Task Force. Their CECL Toolkit is available online at www.bnncpa.com.

    Event Synopsis:
    The early implementation of the Current Expected Credit Losses (CECL) is expected this year, and financial institutions grapple with the facets of this new accounting standard.

    The CECL includes a more complex credit loss model that requires a more detailed report when calculating and reporting future losses. The implementation of CECL could potentially increase the allowance for loan losses estimates in the years to come. Thus, it is imperative for institutions to fully understand the fundamental framework of CECL, and, to create a committee that would re-evaluate their existing models and processes to help them with the transition to this new accounting standard.

    In this LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will provide an in-depth discussion of significant updates on the Current Expected Credit Losses implementation. Speakers will also go beyond the basics and share risk mitigation strategies and compliance practices to avoid potential risks and legal pitfalls.

    Key topics include:
    • Current Expected Credit Losses (CECL): An Overview
    • Implementation Framework
    • Legal Considerations and Implications
    • Risk Mitigation Strategies
    • Best Compliance Practices
    • What Lies Ahead

    About The Knowledge Group, LLC Live Webcast Series
    The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/

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