| Date: | Tuesday, April 1, 2008 |
| Time*: | 1:00 PM – 2:30 PM ET |
| Featured Speaker: | Gary M. Deutsch |
| Duration: | 90 Minutes |
| Location: | Your office or conference room |
| Prerequisites: | None |
If your area does NOT observe Daylight Saving Time, the time will be one hour earlier.
Now is the time to conduct a thorough review of your ALLL process.
After the 2006 Interagency Policy Statement on the Allowance for Loan and Lease Losses (ALLL) was issued, institutions were supposed to establish transparent systems for establishing the ALLL. Now with rising credit losses in the news daily and financial institutions taking big hits in the stock markets, it is even more critical that your ALLL process is working according to this regulatory guidance.
You need to review your institution’s entire ALLL systematic process to ensure that the allowance accurately reflects the realities of your institution’s loan portfolio – even if the allowance adversely impacts profits.
In this audio conference, we will provide checklists covering all the critical areas to review in the ALLL process leading up to the formulation of a transparent ALLL estimate. These areas will include checklists evaluating the effectiveness of management’s systematic process used in conducting the following tasks:
- Selecting the correct FASB statement to measure losses
- Developing acceptable ALLL analysis methods
- Exercising prudent judgment in ALLL estimates
- Managing effective loan review systems
- Documenting the entire ALLL process
- Validating management’s systematic methodology
- Supporting ALLL estimates and adjustments
- Preparing financial statement disclosures
- Minimizing external audit deficiencies
- Educating board members on ALLL responsibilities
- And much more!
Plus, 30-minutes after the audio conference will be set aside for an interactive question and answer session. Listen in, and get the chance to ask your specific questions!
Registration Includes:
- Admittance to a 90-minute call for as many people as you can fit in a room with a speakerphone
- Access to the specially created presentation handouts (made available 48 hours in advance) which can be printed and used to train all of your front line personnel
- Participation in the 30-minute live Q&A with the speaker following the presentation
- Certificates of completion for all attendees
About Our Speaker
Gary M. Deutsch, CPA MBA CMA CBA CIA has worked extensively with financial institutions in audit, lending, financial, and operational areas. He has served in senior positions for regional banks as VP of Finance, Real Estate Loan Officer and Senior Audit Manager. Mr. Deutsch served as a consultant to financial institutions in strategic planning, profit improvement, financial management, and merger- and acquisition-related studies while working at KPMG. He was the CFO at a start-up bank, where he organized the accounting, finance, and investment functions to manage significant growth.
Mr. Deutsch is the President of BRT Publications LLC, a professional authoring company serving the financial industry. Some of his published works for AlexInformation include ALM Management Manual, Loan Procedures Manual, Practices and Procedures for Financial Information Risk Management, Bank Controller’s Manual, Internal Audit Procedures Handbook, and Risk-Based Audit for Financial Institutions.
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