Led by industry experts, a series of courses that cover the CVFI body of knowledge and the Financial Instruments Performance Framework.
Learning Objectives
- Learning Outcomes
- Identify similarities and differences between current expected credit losses (CECL) and expected credit losses (ECL).
- Recall the key pillars of CECL and how the new standard changes the allowance calculation.
- Recall other aspects of CECL, such as purchased financial assets with credit deterioration.
Major Topics
Financial Instruments Performance Framework (FIPF);Fair value framework;Professional judgment;Independence and nonattest services;Valuation techniques and inputs;Consulting services and process;Risk-based auditing and valuation of financial instruments;Planning considerations when auditing financial instrument valuations;Accounting for financial instrument valuations;Debt and equity securities;Derivatives;Pillars of CECL;Life cycle losses
