PHOENIX — Estimating an appropriate allowance for loan and leaselosses an NCUA examiner will accept is a “never-ending cat and mouse gamewhere you're always trying to chase the right answer,” CPA BartFerrin said during a breakout session Monday at the CUNA CFOCouncil conference.
Ferrin is the principal at Ferrin & Company, a Salt LakeCity-based CPA firm that serves credit union
Also from CUNA CFO Council:
To prepare for an exam, Ferrin said, CFOs should refer to FASBguidance and an NCUA accounting bulletin from 2006 titled“Interagency Policy Statement on Allowance for Loan and LeaseLosses”.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
