CANCELLED: Audits of Banks and Other Financial Institutions (111231A-15)
Description
This program is dedicated to demonstrating how audit, consulting, and
tax associates can learn the accounting, tax, and auditing fundamentals
of modern depository and lending institutions, as well as non-bank
institutions. The course is complete with practical worksheets and
insights such as the applicable metrics that create value for depository
and lending institutions. These institutions are specialized and are one
of, the most regulated industries in the world. Numerous references to
best practice audits allow the auditor and consultants the opportunity
to plan efficient and effective audits and reports.
Learning Objectives
Identify the impact of applicable accounting pronouncements to the
financial institution industry and its regulatory environment, including
the effects of the Dodd-Frank Act and U
S
implementation of Basel III
requirements
Identify current economic and industry developments
affecting banking
Describe the types of risks applicable to the
financial institution industry
Explain certain audit considerations
and reporting issues that are unique and critical to banks and financial
institutions
Recognize specialized audit planning and testwork
relating to audit areas including loan receivables, credit losses, cash,
investments, foreclosed and real estate investments, deposits, and
equity
Major Topics
Regulatory and governmental supervision Audit planning, risk assessment, and analytical procedures Loan receivables and loan quality Credit losses Cash, investments, intangibles, hedging instruments, repurchase agreements, troubled debt, foreclosures, real estate investments, and deposits Equity and capital Shadow banking Income taxes
