A Guide to ICFR by Preparers, for Preparers

About this Episode

FEI’s Committee on Corporate Reporting (CCR) recently release two ICFR: Insights, Issues, and Practices documents that address internal control considerations for preparers’ adoption of both the new leases standard and the new current expected credit loss (CECL) standard.

FEI’s Managing Editor of FEI Daily Olivia Berkman spoke with Laura Phillips, Google - Director, Finance Compliance; CCR ICFR Working Group Leader, Matt Janzaruk, Procter & Gamble - Director, Finance & Accounting; CCR ICFR Leases Pilot Team Leader, and Craig Schmidt, Wells Fargo - Governance and Oversight Leader; CCR ICFR CECL Pilot Team Leader about what preparers can learn from these documents and their biggest takeaways from the experience.