Breakout Session 4

Michael Umsheid

Understanding CECL Data, Methods, & Modeling
Michael Umscheid, CPA, ARCSys™, Norfolk, Virginia

Join Michael Umscheid as he helps you understand CECL Data sets- what you need historically and moving forward, plus he will give you an understanding of data aggregation and how it helps you control your allowance and finally you will understand CECL models and how they work - which models are best for different data sets.

Knowledge Level: Basic
No Prerequisites or advanced preparation required
Field of Study: Regulatory Ethics

About Michael Umscheid

Mike started ARCSys in 2009 with the sole purpose of building a solution for CECL. He has been providing accounting, consulting and auditing services to public and non-public companies for over 30 years. Considered the “CECL Guru,” Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL and has also spoken at numerous national conferences as the CECL subject expert. Mike is a past member of the Auditing Standards Board and a published author on Accounting and Auditing for Financial Institutions. Mike graduated from Virginia Polytechnic Institute and State University.

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