2021 Financial Institutions Conference: Afternoon Sessions
Jessica Mac Naughton,
Professor Emeritus of Accounting & Economics,
Oakton Community College
Senior Vice President,
Sessions covered in this On-Demand replay of the Financial Institutions Conference:
Model Validation: Regulatory Requirements & Components
Over the past year, one of the most commonly cited areas of examiner criticism is about the concept of sound model risk management. Model validation has been a significant requirement of the regulators over the past several years and the expectation of validation is increasing. Regulatory examination bodies have added model specialists, released supervisory guidance and increased regulatory enforcement actions related to sound and effective management of model risk. Improving the efficiency of implemented models is an ongoing exercise, and this session will walk through the components of a model validation and the keys to effective model risk management.
The session will address how the new tax laws will impact your operations and how you can have tax laws work for you.
Nacha’s ACH Contact Registry: A Vital Tool in Crime Prevention
Nacha’s ACH Contact Registry opened for business on July 1, and within a matter of days, there were success stories to tell. This registry provides financial institutions of all sizes access to a database of information so they can reach their fraud and operations counterparts at other institutions. After all, the goal of the ACH Contact Registry is to make it easy to find help at another financial institution, eliminating a major pain point and helping financial institutions combat financial crimes. This session will cover how this valuable tool can help us all.
Ethics & Decision Making
In this practical guide to an ethical culture, we will explore underlying principles that can lead to better ethical decisions. The session will also cover the importance of understanding the different ethic requirements of CPAs in private and public practice, including the types of conflicts, threats and safeguards to independence. This course qualifies for 1.2 ethics credits toward fulfilling the ethics CPE requirement for CPA license renewal in Wisconsin.
NOTE: Certificates of attendance showing the CPE credit earned from this On-Demand program will be sent to your primary email on file approximately 2 weeks after viewing as we receive attendance reports from our streaming service provider. Members will also see this program reflected in their CPE tracker.