Where should bank audit committees focus in 2020?
CECL means major accounting changes. Blockchain raises new questions. And LIBOR adds another major challenge.

What's in the report ?
  • Impact of CECL and considerations for documentation and internal controls
  • Key considerations about blockchain developments and third-party exposure
  • Action steps to identify LIBOR exposures and prevent new ones

"For most banks, CECL is now effective. Blockchain presents new internal controls challenges. LIBOR transition is a massive effort. What should audit committees be asking?"